Untitled Art Space Inc

Analysis

Untitled Art Space Inc is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in September 2003, 23 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, Untitled Art Space Inc reported income of $278k and spending of $310k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $270k to $278k (+2.9%), an average of +0.7% a year. The sharpest change came in the year to December 2021, when income rose by 209%. 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, Untitled Art Space Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 61st percentile within OK. Charities of a similar size with the same main cause include Latchis Arts Inc ($278k), Cappies of the National Capital Area ($278k) and Harriet Tubman Museum of Cape May ($278k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 7.0% of the total. Other salaries and wages came to $103k. At year end it held assets of $324k against liabilities of $1,078, net assets of $323k. It reported 3 employees.