Semans Art Fund

Analysis

Semans Art Fund is a registered charity in United States, based in Winston Salem, NC. It received its IRS tax-exemption ruling in December 1977, 49 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Semans Art Fund reported income of $136k and spending of $186k, spending 137% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $137k to $136k (-0.6%), an average of -0.1% a year. The sharpest change came in the year to June 2021, when income rose by 113%. Over the whole period it spent 70% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Semans Art Fund sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 43rd percentile within NC. Charities of a similar size with the same main cause include Protect Wild Dolphins Alliance Inc ($136k), Marengo County Historical Society Inc ($136k) and Hillel the Foundation for Jewish Campus Life ($136k).

At year end it held assets of $5.5m against liabilities of $24k, net assets of $5.4m.