Art House Inc

Analysis

Art House Inc is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in April 2001, 25 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 2024, Art House Inc reported income of $457k and spending of $468k, spending 102% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $177k to $457k (+158%), an average of +27% a year. The sharpest change came in the year to June 2021, when income rose by 110%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Art House Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within OH. Charities of a similar size with the same main cause include Society for in Vitro Biology Incorporated ($457k), Daily Nebraskan ($457k) and Arise Media Inc ($457k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 44% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $57k (12% of expenses). Other salaries and wages came to $106k. At year end it held assets of $626k against liabilities of $5,996, net assets of $620k. It reported 6 employees.