Artvan

Analysis

Artvan is a registered charity in United States, based in Brunswick, ME. It received its IRS tax-exemption ruling in December 2012, 14 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, Artvan reported income of $301k and spending of $230k, leaving 24% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $215k to $301k (+40%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 48%. Over the whole period it spent 78% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Artvan sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 56th percentile within ME. Charities of a similar size with the same main cause include Arck ($301k), Casa Dei Medici ($301k) and Central Oregon Singers Inc ($301k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 23% of the total. Other salaries and wages came to $146k. At year end it held assets of $273k against liabilities of $7,432, net assets of $265k. It reported 7 employees.