Arts Accelerator Inc

Analysis

Arts Accelerator Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in January 2023, 3 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, Arts Accelerator Inc reported income of $81k and spending of $105k, spending 129% of what it took in. Over the whole period it spent 129% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Arts Accelerator Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 35th percentile within FL. Charities of a similar size with the same main cause include Academy of Science and Engineering ($81k), Metropolitan Section of New York and New Jersey Institute of Transp ($81k) and Raymore Historical Society ($81k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $11k against liabilities of $32k, net assets of -$21k.