Artis-Naples Inc

Analysis

Artis-Naples Inc is a registered charity in United States, based in Naples, FL. It received its IRS tax-exemption ruling in March 1984, 42 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 June 2024, Artis-Naples Inc reported income of $36.9m and spending of $39.4m, spending 107% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $36.9m to $36.9m (+0.0%), an average of +0.0% a year. The sharpest change came in the year to June 2022, when income rose by 100%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Artis-Naples Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within FL. Charities of a similar size with the same main cause include Public Broadcasting of Colorado Inc ($36.9m), Public Media Group of Southern California ($37.1m) and Ballet Theatre Foundation Inc ($35.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 35% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $2.4m (6.0% of expenses). Other salaries and wages came to $13.7m. At year end it held assets of $256.3m against liabilities of $13.7m, net assets of $242.6m. It reported 428 employees.