Arts Arena International Inc

Analysis

Arts Arena International Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 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 (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, Arts Arena International Inc reported income of $84k and spending of $15k, leaving 82% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $148k to $84k (-43%), an average of -13% a year. The sharpest change came in the year to December 2022, when income rose by 66%. Over the whole period it spent 83% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Arts Arena International Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 32nd percentile within NY. Charities of a similar size with the same main cause include Mainspring Narrative Films Inc ($84k), National Chamber Ensemble Inc ($84k) and Friends of the Wyandotte Museums ($84k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $174k against liabilities of $0, net assets of $174k.