Arts Access Incorporated

Analysis

Arts Access Incorporated is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in August 1986, 40 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 2024, Arts Access Incorporated reported income of $190k and spending of $320k, spending 169% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $521k to $190k (-63%), an average of -22% a year. The sharpest change came in the year to June 2023, when income rose by 156%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Arts Access Incorporated sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 50th percentile within NC. Charities of a similar size with the same main cause include Algood Village Inc ($190k), Louisa County Ambulance ($190k) and Hartley Hall Senior Housing Inc ($190k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 81% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $73k (23% of expenses). Other salaries and wages came to $80k. At year end it held assets of $437k against liabilities of $161k, net assets of $276k. It reported 4 employees.