Life Pieces to Masterpieces

Analysis

Life Pieces to Masterpieces is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in October 2003, 23 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 2024, Life Pieces to Masterpieces reported income of $4.4m and spending of $2.6m, leaving 41% of income unspent that year. Across the 6 years on record, from July 2019 to June 2024, income grew from $589k to $4.4m (+655%), an average of +50% a year. The sharpest change came in the year to June 2020, when income rose by 104%. Over the whole period it spent 73% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Life Pieces to Masterpieces sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 78th percentile within DC. Charities of a similar size with the same main cause include National Museum of Wildlife Art of the United States ($4.4m), Community Works West Inc ($4.4m) and Cny Arts Inc ($4.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 98% and program service revenue 1.6% of the total. Compensation of current officers, directors and key employees was $199k (7.6% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $3.8m against liabilities of $88k, net assets of $3.7m. It reported 32 employees.