40 West Arts Inc

Analysis

40 West Arts Inc is a registered charity in United States, based in Lakewood, CO. It received its IRS tax-exemption ruling in June 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, 40 West Arts Inc reported income of $304k and spending of $307k, spending 101% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $167k to $304k (+82%), an average of +35% a year. The sharpest change came in the year to December 2022, when income rose by 239%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, 40 West Arts Inc 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 59th percentile within CO. Charities of a similar size with the same main cause include Backcountry Concerts Inc ($304k), San Diego Scottish Highland Games Inc ($304k) and Youth Art Team ($304k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $169k against liabilities of $0, net assets of $169k.