Artpreneurs Inc

Analysis

Artpreneurs Inc is a registered charity in United States, based in Silver Spring, MD. It received its IRS tax-exemption ruling in July 2009, 17 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 2023, Artpreneurs Inc reported income of $783k and spending of $653k, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $785k to $783k (-0.2%), an average of -0.1% a year. The sharpest change came in the year to June 2021, when income rose by 177%. Over the whole period it spent 106% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Artpreneurs Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within MD. Charities of a similar size with the same main cause include Central Illinois Luteran Camping Association ($783k), Association of C5 Youth Programs Inc ($784k) and Heart & Hand Ministries ($782k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 61% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $73k (11% of expenses). Other salaries and wages came to $242k. At year end it held assets of $703k against liabilities of $701k, net assets of $2,793. It reported 11 employees.