Artneo

Analysis

Artneo is a registered charity in United States, based in Solon, OH. It received its IRS tax-exemption ruling in May 1984, 42 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 December 2023, Artneo reported income of $51k and spending of $59k, spending 116% of what it took in. Across the 6 years on record, from June 2019 to December 2023, income fell from $112k to $51k (-54%), an average of -14% a year. The sharpest change came in the year to December 2021, when income rose by 97%. Over the whole period it spent 119% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Artneo sits at the 23rd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 20th percentile within OH. Charities of a similar size with the same main cause include Owatonna Arts Center Foundation ($51k), International Harvester Collectors of Central Pa ($51k) and Chicago Film Critics Association ($51k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 23% of the total. At year end it held assets of $826k against liabilities of $20k, net assets of $806k.