Upstairs Artspace

Analysis

Upstairs Artspace is a registered charity in United States, based in Tryon, NC. It received its IRS tax-exemption ruling in February 1980, 46 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 2022, Upstairs Artspace reported income of $151k and spending of $86k, leaving 43% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $65k to $151k (+132%), an average of +32% a year. The sharpest change came in the year to December 2020, when income rose by 113%. Over the whole period it spent 77% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Upstairs Artspace sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 45th percentile within NC. Charities of a similar size with the same main cause include Warmhearted Academy ($151k), CG Jung Institute of New England Inc ($151k) and V O I C Experience Foundation ($151k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 59% and program service revenue 5.6% of the total. Other salaries and wages came to $25k. At year end it held assets of $550k against liabilities of $554, net assets of $550k. It reported 2 employees.