1520 Arts

Analysis

1520 Arts is a registered charity in United States, based in S Salt Lake, UT. It received its IRS tax-exemption ruling in August 2013, 13 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, 1520 Arts reported income of $312k and spending of $295k, spending 94% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $232k to $312k (+35%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 19%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, 1520 Arts sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within UT. Charities of a similar size with the same main cause include Leatherstocking Railway Historical Society Inc ($312k), Dance Film SF Inc ($312k) and Music in Schools Today ($312k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 47% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $31k (10% of expenses). Other salaries and wages came to $57k. At year end it held assets of $109k against liabilities of $106k, net assets of $2,412. It reported 13 employees.