Public Space One

Analysis

Public Space One is a registered charity in United States, based in Iowa City, IA. It received its IRS tax-exemption ruling in June 2015, 11 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Public Space One reported income of $339k and spending of $297k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $156k to $339k (+117%), an average of +21% a year. The sharpest change came in the year to December 2021, when income rose by 288%. Over the whole period it spent 67% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Public Space One sits at the 71st percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within IA. Charities of a similar size with the same main cause include Mid-Atlantic Gigabit Innovation Collaboratory Inc ($339k), Natures Best Photography Fund Inc ($339k) and LA Porte County Historical Steam Society Inc ($339k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $45k (15% of expenses). Other salaries and wages came to $41k. At year end it held assets of $2.0m against liabilities of $1.1m, net assets of $882k. It reported 6 employees.