Olmsted Arts Inc

Analysis

Olmsted Arts Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in June 2016, 10 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, Olmsted Arts Inc reported income of $230k and spending of $252k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $240k to $230k (-4.3%), an average of -1.1% a year. The sharpest change came in the year to December 2021, when income rose by 79%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Olmsted Arts Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 60th percentile within GA. Charities of a similar size with the same main cause include Perry Players Inc ($230k), 728 Cadets Corp ($230k) and City of Natchitoches Festivals Inc ($230k).

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 $25k against liabilities of $0, net assets of $25k.