Arts and Athletics Inc

Analysis

Arts and Athletics Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in September 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Arts and Athletics Inc reported income of $3.0m and spending of $3.2m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.5m to $3.0m (+17%), an average of +4.0% a year. The sharpest change came in the year to December 2022, when income rose by 90%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Arts and Athletics Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include Play CV ($3.0m), Northern Wisconsin State Fair Association Inc ($3.0m) and Vector School District ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.6% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $230k (7.2% of expenses). At year end it held assets of $794k against liabilities of $514k, net assets of $280k. It reported 175 employees.