Artstream Inc

Analysis

Artstream Inc is a registered charity in United States, based in Silver Spring, MD. It received its IRS tax-exemption ruling in September 2006, 20 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 2024, Artstream Inc reported income of $705k and spending of $813k, spending 115% of what it took in. Across the 5 years on record, from August 2020 to June 2024, income fell from $864k to $705k (-18%), an average of -4.9% a year. The sharpest change came in the year to June 2022, when income dropped by 36%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Artstream Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within MD. Charities of a similar size with the same main cause include Stoneman Douglas Marching Eagles Parent Association Inc ($705k), Latino Leadership Institute ($706k) and The Paramount Theater Inc ($705k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 69% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $74k (9.1% of expenses). Other salaries and wages came to $178k. At year end it held assets of $425k against liabilities of $50k, net assets of $375k. It reported 7 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.