Arts Place Inc

Analysis

Arts Place Inc is a registered charity in United States, based in Portland, IN. It received its IRS tax-exemption ruling in June 1977, 49 years ago. 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, Arts Place Inc reported income of $647k and spending of $836k, spending 129% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $742k to $647k (-13%), an average of -3.4% a year. The sharpest change came in the year to June 2020, when income rose by 49%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Arts Place Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within IN. Charities of a similar size with the same main cause include West Central Georgia Cancer Coalition Inc ($647k), Peter Faneuil Development Group Inc ($647k) and Rutgers-Livingston Day Care Center Inc ($647k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 81% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $31k (3.7% of expenses). Other salaries and wages came to $251k. At year end it held assets of $4.4m against liabilities of $341k, net assets of $4.1m. It reported 19 employees.