Artsnow

Analysis

Artsnow is a registered charity in United States, based in Akron, OH. It received its IRS tax-exemption ruling in October 2019, 7 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 2023, Artsnow reported income of $871k and spending of $656k, leaving 25% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $799k to $871k (+9.0%), an average of +2.2% a year. The sharpest change came in the year to June 2021, when income rose by 228%. Over the whole period it spent 72% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Artsnow sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within OH. Charities of a similar size with the same main cause include Creative Arts Center of Dallas ($871k), Meztli Projects Inc ($871k) and Ak Foundation for Dance Inc ($871k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 4.3% of the total. Compensation of current officers, directors and key employees was $130k (20% of expenses). At year end it held assets of $805k against liabilities of $171k, net assets of $634k.