Griot Arts Inc

Analysis

Griot Arts Inc is a registered charity in United States, based in Clarksdale, MS. It received its IRS tax-exemption ruling in September 2011, 15 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 July 2023, Griot Arts Inc reported income of $666k and spending of $750k, spending 113% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income grew from $459k to $666k (+45%), an average of +9.8% a year. The sharpest change came in the year to July 2020, when income rose by 22%. 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, Griot Arts Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 76th percentile within MS. Charities of a similar size with the same main cause include Diasporic Vietnamese Artists Network ($666k), Ghiberti Foundation ($666k) and Dominican Day Parade ($666k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 75% and program service revenue 25% of the total. Other salaries and wages came to $311k. At year end it held assets of $349k against liabilities of $20k, net assets of $329k. It reported 32 employees.