Artsmart

Analysis

Artsmart is a registered charity in United States, based in Santa Fe, NM. It received its IRS tax-exemption ruling in June 2025. 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 2020, Artsmart reported income of $219k and spending of $283k, spending 130% of what it took in. Across the 2 years on record, from December 2019 to December 2020, income fell from $465k to $219k (-53%), an average of -53% a year. The sharpest change came in the year to December 2020, when income dropped by 53%. Over the whole period it spent 113% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Artsmart sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 53rd percentile within NM. Charities of a similar size with the same main cause include Theatre Arts for Kids ($219k), Johnson County Historical Society Inc ($219k) and Hiohia ($219k).

On its Form 990 for the period ending December 2020, revenue came from contributions and grants 46% and program service revenue 18% of the total. Other salaries and wages came to $130k. At year end it held assets of $1.7m against liabilities of $421k, net assets of $1.3m.