Artmorpheus Inc

Analysis

Artmorpheus Inc is a registered charity in United States, based in Dorchester, MA. 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 June 2024, Artmorpheus Inc reported income of $53k and spending of $67k, spending 126% of what it took in. Across the 3 years on record, from June 2022 to June 2024, income fell from $224k to $53k (-76%), an average of -51% a year. The sharpest change came in the year to June 2024, when income dropped by 82%. Over the whole period it spent 70% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Artmorpheus Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 30th percentile within MA. Charities of a similar size with the same main cause include National Agri-Marketing Association Nama Foundation ($53k), The Beaufort Museum Inc ($53k) and Foundation for Women Writing for a Change of Jacksonville Inc ($53k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 99% and program service revenue 0.5% of the total. At year end it held assets of $329k against liabilities of $0, net assets of $329k.