Equity in the Arts Fund

Analysis

Equity in the Arts Fund is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in October 1996, 30 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Equity in the Arts Fund reported income of $113k and spending of $257k, spending 226% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $173k to $113k (-34%), an average of -9.9% a year. The sharpest change came in the year to December 2023, when income rose by 134%. Over the whole period it spent 398% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Equity in the Arts Fund sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 41st percentile within OH. Charities of a similar size with the same main cause include Gift USA Foundation Inc ($113k), Next Generation Bulgaria Fund ($113k) and Wow - We Care Charity Inc ($113k).

At year end it held assets of $4.7m against liabilities of $0, net assets of $4.7m.