Arts Clayton Inc

Analysis

Arts Clayton Inc is a registered charity in United States, based in Jonesboro, GA. It received its IRS tax-exemption ruling in April 1987, 39 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 December 2022, Arts Clayton Inc reported income of $184k and spending of $322k, spending 175% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $556k to $184k (-67%), an average of -31% a year. The sharpest change came in the year to December 2021, when income dropped by 45%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Arts Clayton Inc 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 52nd percentile, and in the 55th percentile within GA. Charities of a similar size with the same main cause include Denair Lions Youth Football ($184k), Hearts United in Gods Service Inc ($184k) and PTA Texas Congress ($184k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 72% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $74k (23% of expenses). Other salaries and wages came to $120k. It paid $9,192 in professional fundraising fees. At year end it held assets of $510k against liabilities of $1,195, net assets of $508k. It reported 21 employees.