Artserve Inc

Analysis

Artserve Inc is a registered charity in United States, based in Fort Lauderdale, FL. It received its IRS tax-exemption ruling in December 1988, 38 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 September 2023, Artserve Inc reported income of $1.5m and spending of $1.5m, spending 99% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $2.0m to $1.5m (-27%), an average of -7.5% a year. The sharpest change came in the year to September 2020, when income dropped by 19%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Artserve Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 85th percentile within FL. Charities of a similar size with the same main cause include Boy Scouts of America ($1.5m), Beginnings Inc ($1.5m) and Meetinghouse Montessori Inc ($1.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 83% and program service revenue 16% of the total. Other salaries and wages came to $344k. At year end it held assets of $669k against liabilities of $48k, net assets of $620k. It reported 12 employees.