Fund for the Arts Inc

Analysis

Fund for the Arts Inc is a registered charity in United States, based in Charleston, WV. It received its IRS tax-exemption ruling in April 1982, 44 years ago. 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, Fund for the Arts Inc reported income of $280k and spending of $267k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $261k to $280k (+7.3%), an average of +1.8% a year. The sharpest change came in the year to December 2022, when income rose by 48%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fund for the Arts Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 59th percentile within WV. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($280k), Union County Historical Society Inc ($280k) and PTA California Congress of Parents Teachers & Students Inc ($280k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% of the total. Other salaries and wages came to $39k. At year end it held assets of $375k against liabilities of $10k, net assets of $365k. It reported 1 employees.