Artspace Inc

Analysis

Artspace Inc is a registered charity in United States, based in Santa Barbara, CA. It received its IRS tax-exemption ruling in September 1990, 36 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Artspace Inc reported income of $324k and spending of $332k, spending 102% of its income. Across the 4 years on record, from December 2019 to December 2023, income fell from $336k to $324k (-3.5%), an average of -1.2% a year. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Artspace Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within CA. Charities of a similar size with the same main cause include Amador Livermore Valley Historical ($324k), Holliston Cable Access Incorporated ($324k) and Media Arts Council ($324k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $60k (18% of expenses). Other salaries and wages came to $115k. At year end it held assets of $225k against liabilities of $171k, net assets of $53k. It reported 26 employees.