Arts Beats & Eats Foundation

Analysis

Arts Beats & Eats Foundation is a registered charity in United States, based in Royal Oak, MI. It received its IRS tax-exemption ruling in January 2002, 24 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Arts Beats & Eats Foundation reported income of $711k and spending of $689k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $375k to $711k (+90%), an average of +17% a year. The sharpest change came in the year to December 2021, when income rose by 112%. Over the whole period it spent 98% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Arts Beats & Eats Foundation sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within MI. Charities of a similar size with the same main cause include Wca Foundation Inc ($710k), Rosenbluth Family Charitable Foundation ($711k) and I Am Next Inc ($710k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.7% of the total. At year end it held assets of $668k against liabilities of $0, net assets of $668k.