I Am Arts Foundation

Analysis

I Am Arts Foundation is a registered charity in United States, based in Atlanta, GA. 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, I Am Arts Foundation reported income of $97k and spending of $100k, spending 103% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $67k to $97k (+45%), an average of +45% a year. The sharpest change came in the year to December 2023, when income rose by 45%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, I Am Arts Foundation sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 38th percentile within GA. Charities of a similar size with the same main cause include Trilatino Triathlon Club Inc ($97k), Hot Springs Village Players Inc ($97k) and Marjorie Strider Foundation Inc ($97k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1,891 against liabilities of $0, net assets of $1,891.