Art As Healing Foundation Incorporated

Analysis

Art As Healing Foundation Incorporated is a registered charity in United States, based in Ypsilanti, MI. It received its IRS tax-exemption ruling in October 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 May 2023, Art As Healing Foundation Incorporated reported income of $319k and spending of $286k, spending 90% of its income. Across the 2 years on record, from May 2022 to May 2023, income grew from $99k to $319k (+222%), an average of +222% a year. The sharpest change came in the year to May 2023, when income rose by 222%. Over the whole period it spent 92% 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 As Healing Foundation Incorporated sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within MI. Charities of a similar size with the same main cause include Hollywood Sign Trust ($319k), Perham Center for the Arts ($319k) and Active Cultures ($319k).

On its Form 990 for the period ending May 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $54k (19% of expenses). Other salaries and wages came to $32k. At year end it held assets of $53k against liabilities of $7,449, net assets of $45k.