Art Pot

Analysis

Art Pot is a registered charity in United States, based in N Charleston, SC. It received its IRS tax-exemption ruling in March 2016, 10 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 February 2024, Art Pot reported income of $205k and spending of $216k, spending 105% of what it took in. Across the 2 years on record, from February 2023 to February 2024, income grew from $135k to $205k (+52%), an average of +52% a year. The sharpest change came in the year to February 2024, when income rose by 52%. Over the whole period it spent 116% 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 Pot sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 60th percentile within SC. Charities of a similar size with the same main cause include Granary Art Center ($205k), Pleasantville Community Television Inc ($205k) and Swansboro Band Boosters Inc ($205k).

On its Form 990 for the period ending February 2024, revenue came from contributions and grants 71% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $75k (35% of expenses). Other salaries and wages came to $53k. At year end it held assets of $0 against liabilities of $0, net assets of $0.