Living Arts International Inc

Analysis

Living Arts International Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Living Arts International Inc reported income of $1.8m and spending of $783k, leaving 57% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.7m to $1.8m (+9.0%), an average of +2.2% a year. The sharpest change came in the year to September 2023, when income rose by 142%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Living Arts International Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 82nd percentile within NY. Charities of a similar size with the same main cause include Black Mountain College Museums & Arts Center ($1.8m), Maine Space Grant Consortium ($1.8m) and Georgia Humanities Council Inc ($1.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 96% and program service revenue 4.2% of the total. Compensation of current officers, directors and key employees was $91k (12% of expenses). Other salaries and wages came to $129k. At year end it held assets of $1.8m against liabilities of $162k, net assets of $1.7m. It reported 1 employees.