Artist Incubation Inc

Analysis

Artist Incubation Inc is a registered charity in United States, based in Guymon, OK. It received its IRS tax-exemption ruling in October 2006, 20 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, Artist Incubation Inc reported income of $60k and spending of $51k, spending 85% of its income. Across the 4 years on record, from December 2018 to December 2023, income grew from $54k to $60k (+11%), an average of +3.6% a year. The sharpest change came in the year to December 2022, when income rose by 29%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Artist Incubation Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 22nd percentile within OK. Charities of a similar size with the same main cause include New England Regional Turfgrass Research TR ($60k), Meigs Band Boosters ($60k) and Friends of the Albany Rural Cemetery ($60k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 12% of the total. At year end it held assets of $70k against liabilities of $0, net assets of $70k.