Arts Nest

Analysis

Arts Nest is a registered charity in United States, based in Minneapolis, MN. 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Arts Nest reported income of $157k and spending of $185k, spending 118% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income grew from $156k to $157k (+0.2%), an average of +0.2% a year. Over the whole period it spent 109% 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 Nest sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 46th percentile within MN. Charities of a similar size with the same main cause include Anime USA ($157k), Network for Young Artists ($157k) and The West Pasco Quilters Guild Inc ($157k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 32% and program service revenue 58% of the total. At year end it held assets of $289k against liabilities of $0, net assets of $289k.