Art Seminar Group Inc

Analysis

Art Seminar Group Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in April 1989, 37 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 December 2023, Art Seminar Group Inc reported income of $105k and spending of $109k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $218k to $105k (-52%), an average of -17% a year. The sharpest change came in the year to December 2020, when income dropped by 44%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Art Seminar Group Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 39th percentile within MD. Charities of a similar size with the same main cause include Hillsboro Food Pantry Inc ($105k), Volunteers of America Inc ($105k) and Twin City Figure Skating Association T C F S a ($105k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 16% of the total. At year end it held assets of $414k against liabilities of $58k, net assets of $355k.