Grantmakers in the Arts

Analysis

Grantmakers in the Arts is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 1994, 32 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 December 2023, Grantmakers in the Arts reported income of $2.2m and spending of $2.6m, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.1m to $2.2m (-29%), an average of -8.1% a year. The sharpest change came in the year to December 2021, when income rose by 149%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Grantmakers in the Arts sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 83rd percentile within NY. Charities of a similar size with the same main cause include Columbus Next Generation Corporation ($2.2m), Transylvania Christian Ministry Inc ($2.2m) and West Street Day Care Center Inc ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $535k (21% of expenses). Other salaries and wages came to $300k. At year end it held assets of $4.2m against liabilities of $789k, net assets of $3.4m. It reported 7 employees.