Arts for Schools Inc

Analysis

Arts for Schools Inc is a registered charity in United States, based in Hamden, CT. It received its IRS tax-exemption ruling in March 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 (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 2023, Arts for Schools Inc reported income of $247k and spending of $252k, spending 102% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $338k to $247k (-27%), an average of -14% a year. The sharpest change came in the year to December 2022, when income dropped by 32%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Arts for Schools Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 55th percentile within CT. Charities of a similar size with the same main cause include Portsmouth Museums Foundation Inc ($247k), Riverfront Playhouse ($247k) and Dalles Art Association ($247k).

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 $1,889 against liabilities of $2,805, net assets of -$916.