Unbound Visual Arts

Analysis

Unbound Visual Arts is a registered charity in United States, based in Brighton, MA. It received its IRS tax-exemption ruling in May 2014, 12 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Unbound Visual Arts reported income of $79k and spending of $85k, spending 108% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $58k to $79k (+36%), an average of +36% a year. The sharpest change came in the year to December 2023, when income rose by 36%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Unbound Visual Arts sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 39th percentile within MA. Charities of a similar size with the same main cause include Gateway Orlando Arts ($79k), Brazilian Cultural Institute ($79k) and The Alibi Preservation Foundation ($79k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 0.2% of the total. At year end it held assets of $11k against liabilities of $0, net assets of $11k.