Artesmiami Inc

Analysis

Artesmiami Inc is a registered charity in United States, based in Pinecrest, FL. It received its IRS tax-exemption ruling in April 1996, 30 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, Artesmiami Inc reported income of $155k and spending of $86k, leaving 45% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $290k to $155k (-46%), an average of -19% a year. The sharpest change came in the year to December 2023, when income rose by 83%. Over the whole period it spent 39% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Artesmiami Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 52nd percentile within FL. Charities of a similar size with the same main cause include Bath County Arts Association ($155k), Crisp Point Light Historical Society ($155k) and Zeitgeist Northwest ($155k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 22% of the total. At year end it held assets of $730k against liabilities of $6,228, net assets of $724k.