Collective Arts Network

Analysis

Collective Arts Network is a registered charity in United States, based in Lakewood, OH. 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, Collective Arts Network reported income of $173k and spending of $257k, spending 149% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $262k to $173k (-34%), an average of -9.8% a year. The sharpest change came in the year to December 2023, when income dropped by 54%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Collective Arts Network sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 51st percentile within OH. Charities of a similar size with the same main cause include North American Plant Phenotyping Network ($173k), North American Society for Bat Research ($173k) and Theatreworks New Milford ($173k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $50k (19% of expenses). Other salaries and wages came to $34k. At year end it held assets of $180k against liabilities of $1,095, net assets of $179k. It reported 5 employees.