Templearts

Analysis

Templearts is a registered charity in United States, based in Saginaw, MI. It received its IRS tax-exemption ruling in November 1947, 79 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 July 2022, Templearts reported income of $2.4m and spending of $1.9m, leaving 23% of income unspent that year. Across the 4 years on record, from July 2019 to July 2022, income grew from $308k to $2.4m (+678%), an average of +98% a year. The sharpest change came in the year to July 2020, when income rose by 4878%. Over the whole period it spent 29% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Templearts sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within MI. Charities of a similar size with the same main cause include Stuarts Opera House Inc ($2.4m), Frameline Inc ($2.4m) and People United for Privacy Foundation ($2.4m).

On its Form 990 for the period ending July 2022, revenue came from contributions and grants 45% and program service revenue 26% of the total. Other salaries and wages came to $563k. At year end it held assets of $23.4m against liabilities of $1.2m, net assets of $22.2m. It reported 27 employees.