Deltaarts Inc

Analysis

Deltaarts Inc is a registered charity in United States, based in West Memphis, AR. It received its IRS tax-exemption ruling in January 1980, 46 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Deltaarts Inc reported income of $209k and spending of $281k, spending 135% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $443k to $209k (-53%), an average of -17% a year. The sharpest change came in the year to June 2020, when income dropped by 46%. Over the whole period it spent 137% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Deltaarts 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 55th percentile, and in the 56th percentile within AR. Charities of a similar size with the same main cause include Weatherford Regional Hospital Inc of Weatherford Oklahoma ($209k), United Seniors of Oakland & Alameda County ($209k) and The Heartway Inc ($209k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% and program service revenue 3.6% of the total. Other salaries and wages came to $106k. At year end it held assets of $1.1m against liabilities of $5,800, net assets of $1.1m. It reported 5 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.