Art Buddies

Analysis

Art Buddies is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in April 1995, 31 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 July 2023, Art Buddies reported income of $182k and spending of $166k, spending 91% of its income. Across the 2 years on record, from July 2022 to July 2023, income grew from $98k to $182k (+85%), an average of +85% a year. The sharpest change came in the year to July 2023, when income rose by 85%. Over the whole period it spent 104% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Art Buddies sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within MN. Charities of a similar size with the same main cause include Greener Pastures Ministries ($182k), Tillies Touch ($182k) and Celebrate Ministries Inc ($182k).

On its Form 990-EZ for the period ending July 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $169k against liabilities of $19k, net assets of $150k.