Art Creates US Inc

Analysis

Art Creates US Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in April 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 June 2023, Art Creates US Inc reported income of $853k and spending of $708k, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.2m to $853k (-28%), an average of -7.8% a year. The sharpest change came in the year to June 2023, when income rose by 64%. 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, Art Creates US Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 73rd percentile within NY. Charities of a similar size with the same main cause include American Patrons of the Pinakothek Trust ($852k), Don Garlits Museum of Drag Racing Inc ($853k) and Noche Flamenca Inc ($852k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $64k (9.0% of expenses). Other salaries and wages came to $364k. At year end it held assets of $300k against liabilities of $90k, net assets of $210k. It reported 45 employees.