Living Arts

Analysis

Living Arts is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in April 2003, 23 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 June 2023, Living Arts reported income of $884k and spending of $931k, spending 105% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.7m to $884k (-48%), an average of -15% a year. The sharpest change came in the year to June 2020, when income dropped by 63%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Living Arts sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within MI. Charities of a similar size with the same main cause include Rosie the Riveter TR ($884k), Act One ($885k) and Celtic Arts Foundation ($883k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 81% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $80k (8.6% of expenses). Other salaries and wages came to $375k. At year end it held assets of $1.4m against liabilities of $49k, net assets of $1.3m. It reported 14 employees.