The Foundation for Art and Healing Inc

Analysis

The Foundation for Art and Healing Inc is a registered charity in United States, based in Brighton, MA. It received its IRS tax-exemption ruling in May 2006, 20 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 Foundation for Art and Healing Inc reported income of $669k and spending of $693k, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $490k to $669k (+37%), an average of +8.1% a year. The sharpest change came in the year to June 2020, when income rose by 71%. Over the whole period it spent 79% 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 Foundation for Art and Healing Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within MA. Charities of a similar size with the same main cause include Gathering Roots Wellness ($669k), Riverside the Farnsley-Moremen Landing Inc ($669k) and Live Wire Radio Inc ($669k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 81% and program service revenue 12% of the total. Other salaries and wages came to $465k. At year end it held assets of $971k against liabilities of $71k, net assets of $900k. It reported 7 employees.