Saveartspace

Analysis

Saveartspace is a registered charity in United States, based in Grand Blanc, MI. It received its IRS tax-exemption ruling in April 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, Saveartspace reported income of $143k and spending of $254k, spending 178% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $790k to $143k (-82%), an average of -57% a year. The sharpest change came in the year to December 2023, when income dropped by 78%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Saveartspace sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 46th percentile within MI. Charities of a similar size with the same main cause include Engineering Biology Research Consortium ($143k), Los Angeles Virtuosi Orchestra Inc ($143k) and Historic Wichita-Sedgwick County Inc ($143k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 81% of the total. At year end it held assets of $108k against liabilities of $0, net assets of $108k.