More Art Inc

Analysis

More Art Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 2009, 17 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, More Art Inc reported income of $344k and spending of $391k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $254k to $344k (+36%), an average of +7.9% a year. The sharpest change came in the year to December 2021, when income rose by 23%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, More Art Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 61st percentile within NY. Charities of a similar size with the same main cause include Tonality ($344k), Pinedale Fine Arts Council Inc ($344k) and Southwest Allen County Schools Music Boosters ($344k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 2.5% of the total. Other salaries and wages came to $136k. At year end it held assets of $283k against liabilities of $20k, net assets of $264k. It reported 4 employees.