Arts for Life

Analysis

Arts for Life is a registered charity in United States, based in Asheville, NC. It received its IRS tax-exemption ruling in March 2002, 24 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, Arts for Life reported income of $520k and spending of $477k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $758k to $520k (-31%), an average of -9.0% a year. The sharpest change came in the year to December 2021, when income rose by 28%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Arts for Life sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within NC. Charities of a similar size with the same main cause include Theatre Tulsa Inc ($520k), Justice Dance Performance Project Inc ($520k) and Pardis for Children Inc ($519k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $73k (15% of expenses). Other salaries and wages came to $214k. At year end it held assets of $706k against liabilities of $11k, net assets of $695k. It reported 8 employees.