Artscentric Inc

Analysis

Artscentric Inc is a registered charity in United States, based in Cheverly, MD. It received its IRS tax-exemption ruling in August 2023, 3 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Artscentric Inc reported income of $371k and spending of $326k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $253k to $371k (+47%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 112%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Artscentric Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within MD. Charities of a similar size with the same main cause include Missoula Cultural Council ($371k), Foundation for Mexican Art and Culture ($371k) and Dance and Dialogue ($371k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $69k against liabilities of $7,600, net assets of $61k.