Arts of Life

Analysis

Arts of Life is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in June 2000, 26 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 2023, Arts of Life reported income of $1.7m and spending of $1.7m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $852k to $1.7m (+105%), an average of +20% a year. The sharpest change came in the year to June 2022, when income rose by 34%. 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, Arts of Life sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within IL. Charities of a similar size with the same main cause include 1hood Media Academy ($1.7m), The National Theatre Foundation ($1.7m) and Cultural Conservancy Sacred Land Foundation ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 48% and program service revenue 47% of the total. Other salaries and wages came to $895k. At year end it held assets of $874k against liabilities of $51k, net assets of $823k. It reported 30 employees.