Art 180 Inc

Analysis

Art 180 Inc is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in June 1999, 27 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 December 2023, Art 180 Inc reported income of $849k and spending of $833k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $980k to $849k (-13%), an average of -3.5% a year. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Art 180 Inc 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 77th percentile, and in the 78th percentile within VA. Charities of a similar size with the same main cause include Virginia Museum of Transportation Inc ($849k), The Little Orchestra Society- Orpheon Inc ($849k) and Somerville Community Access Television Inc ($849k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $122k (15% of expenses). Other salaries and wages came to $366k. At year end it held assets of $1.6m against liabilities of $65k, net assets of $1.6m. It reported 9 employees.