Art on the Square Foundation Inc

Analysis

Art on the Square Foundation Inc is a registered charity in United States, based in Belleville, IL. It received its IRS tax-exemption ruling in August 2004, 22 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, Art on the Square Foundation Inc reported income of $326k and spending of $306k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $363k to $326k (-10%), an average of -2.7% a year. The sharpest change came in the year to December 2021, when income rose by 2668%. Over the whole period it spent 109% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Art on the Square Foundation Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within IL. Charities of a similar size with the same main cause include Performing Arts School of Central Pennsylvania ($326k), Metropolitan Ballet Theatre Inc ($326k) and Lebanon Historical Society ($326k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 36% of the total. At year end it held assets of $479k against liabilities of $6,785, net assets of $473k.