Arts Mentorship Program Inc

Analysis

Arts Mentorship Program Inc is a registered charity in United States, based in Santa Barbara, CA. It received its IRS tax-exemption ruling in October 2014, 12 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Arts Mentorship Program Inc reported income of $179k and spending of $257k, spending 144% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $150k to $179k (+19%), an average of +4.4% a year. The sharpest change came in the year to August 2020, when income rose by 50%. Over the whole period it spent 114% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Arts Mentorship Program Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 53rd percentile within CA. Charities of a similar size with the same main cause include City Tavern Preservation Foundation ($179k), Texas Music Theatre Company ($179k) and Northwest Association of Performing Arts ($179k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 90% and program service revenue 9.8% of the total. Compensation of current officers, directors and key employees was $69k (27% of expenses). Other salaries and wages came to $37k. At year end it held assets of $831k against liabilities of $337k, net assets of $494k. It reported 6 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.