International Arts and Artists Inc

Analysis

International Arts and Artists Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in December 1996, 30 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, International Arts and Artists Inc reported income of $1.7m and spending of $2.2m, spending 136% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.1m to $1.7m (-22%), an average of -5.9% a year. The sharpest change came in the year to December 2020, when income dropped by 25%. Over the whole period it spent 105% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, International Arts and Artists Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 63rd percentile within DC. Charities of a similar size with the same main cause include LJMN Media Inc ($1.7m), Mudflat Pottery School Inc ($1.7m) and Fantasy Playhouse Childrens Theater ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.3% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $158k (7.1% of expenses). At year end it held assets of $3.0m against liabilities of $3.2m, net assets of -$200k. It reported 22 employees.