South Arts Inc

Analysis

South Arts Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in July 1976, 50 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 June 2023, South Arts Inc reported income of $9.4m and spending of $8.7m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.2m to $9.4m (+197%), an average of +31% a year. The sharpest change came in the year to June 2022, when income rose by 184%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, South Arts Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within GA. Charities of a similar size with the same main cause include Jewish Community FND of the Jewish Federation Council of Greater LA ($9.4m), Central Coast Young Mens Christian Association ($9.4m) and Our Ladys Haven of Fairhaven Inc ($9.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 1.4% of the total. Compensation of current officers, directors and key employees was $384k (4.4% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $16.8m against liabilities of $7.5m, net assets of $9.3m. It reported 28 employees.