Graffiti Heart Corporation

Analysis

Graffiti Heart Corporation is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in August 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, Graffiti Heart Corporation reported income of $85k and spending of $114k, spending 134% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $175k to $85k (-51%), an average of -51% a year. The sharpest change came in the year to December 2023, when income dropped by 51%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Graffiti Heart Corporation sits at the 37th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 33rd percentile within OH. Charities of a similar size with the same main cause include Chimayo Cultural Preservation Association ($85k), Studios of Cocoa Beach an Art Cooperative Inc ($85k) and Authentic Native Arts Association Inc ($85k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 49% of the total. At year end it held assets of $48k against liabilities of $0, net assets of $48k.