Forecast Public Artworks

Analysis

Forecast Public Artworks is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in June 1980, 46 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, Forecast Public Artworks reported income of $1.2m and spending of $1.1m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.3m to $1.2m (-8.7%), an average of -2.3% a year. The sharpest change came in the year to December 2023, when income rose by 32%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Forecast Public Artworks sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within MN. Charities of a similar size with the same main cause include Baltimore Heritage Area Association Inc ($1.2m), Arc Stages Inc ($1.2m) and San Jose Youth Symphony ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $175k (16% of expenses). Other salaries and wages came to $223k. It paid $25k in professional fundraising fees. At year end it held assets of $979k against liabilities of $99k, net assets of $880k. It reported 6 employees.