Art of Recycle

Analysis

Art of Recycle is a registered charity in United States, based in Ephrata, PA. It received its IRS tax-exemption ruling in January 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, Art of Recycle reported income of $429k and spending of $639k, spending 149% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $569k to $429k (-25%), an average of -6.8% a year. The sharpest change came in the year to December 2023, when income rose by 128%. Over the whole period it spent 115% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Art of Recycle sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 66th percentile within PA. Charities of a similar size with the same main cause include Fuerte Art Collective ($429k), Bitterroot Performing Arts Council Inc ($429k) and Texas Folklife Resources ($429k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $13k (2.0% of expenses). Other salaries and wages came to $79k. At year end it held assets of $526k against liabilities of $903k, net assets of -$378k. It reported 21 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.