Artbridge Projects Inc

Analysis

Artbridge Projects Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 2014, 12 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 2023, Artbridge Projects Inc reported income of $840k and spending of $834k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $455k to $840k (+85%), an average of +17% a year. The sharpest change came in the year to December 2021, when income rose by 84%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Artbridge Projects Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 73rd percentile within NY. Charities of a similar size with the same main cause include Alliance Francaise ($840k), Alabama Center for the Arts Foundation ($841k) and Alabama Dance Theatre ($840k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $115k (14% of expenses). Other salaries and wages came to $160k. At year end it held assets of $176k against liabilities of $102k, net assets of $74k. It reported 5 employees.