Positively Arts Foundation Inc

Analysis

Positively Arts Foundation Inc is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in September 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 (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, Positively Arts Foundation Inc reported income of $730k and spending of $712k, spending 98% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $199k to $730k (+267%), an average of +92% a year. The sharpest change came in the year to December 2022, when income rose by 117%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Positively Arts Foundation Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 78th percentile within NV. Charities of a similar size with the same main cause include Studio Theatre of L I Inc ($729k), Council on American-Islamic Relations Inc ($730k) and Lulu & Leo Fund ($729k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $73k (10% of expenses). At year end it held assets of $253k against liabilities of $38k, net assets of $215k. It reported 1 employees.