Artistyear

Analysis

Artistyear is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in March 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Artistyear reported income of $2.3m and spending of $2.3m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $2.3m (+51%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 80%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Artistyear sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within PA. Charities of a similar size with the same main cause include Suncoast School for Innovative Studies Inc ($2.3m), Learning Enrichment After-School Program Inc ($2.3m) and Blue Ribbon Results Child Care Center Inc ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 8.3% of the total. Compensation of current officers, directors and key employees was $187k (8.3% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $1.1m against liabilities of $162k, net assets of $974k. It reported 120 employees.