The Depot Artists Assoc

Analysis

The Depot Artists Assoc is a registered charity in United States, based in Abingdon, VA. It received its IRS tax-exemption ruling in July 1985, 41 years ago. 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 June 2024, The Depot Artists Assoc reported income of $86k and spending of $90k, spending 104% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $82k to $86k (+5.2%), an average of +5.2% a year. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Depot Artists Assoc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 32nd percentile within VA. Charities of a similar size with the same main cause include Alcap Education ($86k), Courtland Recreation Association Inc ($86k) and Mountlake Terrace High School Music Boosters ($86k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 51% of the total. At year end it held assets of $166k against liabilities of $4,170, net assets of $162k.