Insideout Literary Arts Project

Analysis

Insideout Literary Arts Project is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in January 1996, 30 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 September 2023, Insideout Literary Arts Project reported income of $1.7m and spending of $1.3m, spending 80% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.3m to $1.7m (+29%), an average of +6.5% a year. The sharpest change came in the year to September 2022, when income rose by 55%. Over the whole period it spent 77% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Insideout Literary Arts Project sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within MI. Charities of a similar size with the same main cause include The Jewish Foundation for the Righteous Inc ($1.7m), Wood Library-Museum of Anesthesiology ($1.7m) and National Employment Law Institute ($1.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 85% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $84k (6.3% of expenses). Other salaries and wages came to $519k. At year end it held assets of $2.3m against liabilities of $55k, net assets of $2.3m. It reported 69 employees.