Nobo Art District

Analysis

Nobo Art District is a registered charity in United States, based in Boulder, CO. It received its IRS tax-exemption ruling in November 2016, 10 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, Nobo Art District reported income of $124k and spending of $86k, leaving 31% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $71k to $124k (+74%), an average of +74% a year. The sharpest change came in the year to December 2023, when income rose by 74%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Nobo Art District sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 39th percentile within CO. Charities of a similar size with the same main cause include Retired United Airlines Employees Association ($124k), Museum of Mountain Flying ($124k) and Big Opportunities ($124k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 6.8% of the total. At year end it held assets of $88k against liabilities of $1,183, net assets of $86k.