Art Works in Loveland Inc

Analysis

Art Works in Loveland Inc is a registered charity in United States, based in Loveland, CO. It received its IRS tax-exemption ruling in October 2011, 15 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Art Works in Loveland Inc reported income of $189k and spending of $173k, spending 92% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $198k to $189k (-4.5%), an average of -4.5% a year. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Art Works in Loveland Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 49th percentile within CO. Charities of a similar size with the same main cause include Hispanic Connection of Southern Indiana Inc ($189k), Election Fairness Institute Inc ($189k) and Jersey City Arts Council Inc ($189k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 66% of the total. Other salaries and wages came to $58k. At year end it held assets of $33k against liabilities of $6,173, net assets of $27k. It reported 4 employees.