Sandy Springs Arts Foundation Inc

Analysis

Sandy Springs Arts Foundation Inc is a registered charity in United States, based in Sandy Springs, GA. It received its IRS tax-exemption ruling in December 2015, 11 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Sandy Springs Arts Foundation Inc reported income of $167k and spending of $433k, spending 260% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $520k to $167k (-68%), an average of -25% a year. The sharpest change came in the year to December 2022, when income dropped by 58%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sandy Springs Arts Foundation Inc sits at the 49th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 53rd percentile within GA. Charities of a similar size with the same main cause include Euclid Schools Foundation ($167k), Lambswear Inc ($167k) and GP Inc ($167k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. Compensation of current officers, directors and key employees was $77k (18% of expenses). At year end it held assets of $763k against liabilities of $11k, net assets of $751k.