Arte Inc

Analysis

Arte Inc is a registered charity in United States, based in New Haven, CT. It received its IRS tax-exemption ruling in May 2004, 22 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 2023, Arte Inc reported income of $258k and spending of $213k, spending 83% of its income. Across the 4 years on record, from June 2019 to June 2023, income grew from $207k to $258k (+24%), an average of +7.6% a year. The sharpest change came in the year to June 2021, when income rose by 36%. Over the whole period it spent 77% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Arte Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 56th percentile within CT. Charities of a similar size with the same main cause include Artists in Motion Bay Area ($258k), Northwest Connecticut Arts Council Inc ($258k) and Stilwell Heritage and Educational Foundation ($258k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 61% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $80k (37% of expenses). Other salaries and wages came to $55k. At year end it held assets of $399k against liabilities of $3,075, net assets of $396k. It reported 37 employees.