Artsplus

Analysis

Artsplus is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in June 1972, 54 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Artsplus reported income of $2.3m and spending of $2.2m, spending 100% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.9m to $2.3m (+19%), an average of +5.9% a year. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Artsplus sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within NC. Charities of a similar size with the same main cause include Chambers Co Council for Neglected & Dependent Children & Youth Inc ($2.2m), Advanced Leadership Foundation Inc ($2.3m) and The Committee of 200 ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 73% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $300k (13% of expenses). Other salaries and wages came to $979k. At year end it held assets of $3.6m against liabilities of $1.2m, net assets of $2.4m. It reported 16 employees.