Arts Partners Inc

Analysis

Arts Partners Inc is a registered charity in United States, based in Wichita, KS. It received its IRS tax-exemption ruling in April 1998, 28 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Arts Partners Inc reported income of $813k and spending of $730k, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $270k to $813k (+201%), an average of +32% a year. The sharpest change came in the year to June 2022, when income rose by 66%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Arts Partners Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within KS. Charities of a similar size with the same main cause include Foundation for Engineering at Kansas State University ($813k), Preschool at Point Washington Inc ($813k) and Hume Lake Charter School ($813k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 51% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $72k (9.8% of expenses). Other salaries and wages came to $161k. At year end it held assets of $323k against liabilities of $108k, net assets of $215k. It reported 6 employees.