Arte Institute Inc

Analysis

Arte Institute Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in January 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, Arte Institute Inc reported income of $185k and spending of $188k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $127k to $185k (+45%), an average of +45% a year. The sharpest change came in the year to December 2023, when income rose by 45%. Over the whole period it spent 107% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Arte Institute Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within NY. Charities of a similar size with the same main cause include Cooperative Theatre for Children Inc ($185k), Gran Parada Dominicana de El Bronx ($185k) and Texas Council for the Social Studies ($185k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 67% of the total. At year end it held assets of $27k against liabilities of $2,320, net assets of $25k.