The Arts Federation Inc

Analysis

The Arts Federation Inc is a registered charity in United States, based in Lafayette, IN. It received its IRS tax-exemption ruling in December 1978, 48 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, The Arts Federation Inc reported income of $1.5m and spending of $1.4m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.5m to $1.5m (-3.3%), an average of -0.8% a year. The sharpest change came in the year to June 2023, when income rose by 60%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Arts Federation Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within IN. Charities of a similar size with the same main cause include West Virginia University Innovation Corporation ($1.5m), Earth Echo International Inc ($1.5m) and River Raisin National Battlefield Park Foundation Inc ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% and program service revenue 4.8% of the total. Other salaries and wages came to $171k. At year end it held assets of $2.7m against liabilities of $195k, net assets of $2.5m. It reported 5 employees.