Artolution Inc

Analysis

Artolution Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in March 2017, 9 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, Artolution Inc reported income of $703k and spending of $698k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $477k to $703k (+47%), an average of +10% a year. The sharpest change came in the year to December 2022, when income rose by 59%. Over the whole period it spent 125% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Artolution Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 71st percentile within NY. Charities of a similar size with the same main cause include Kairos Communication Service International ($703k), Washington Monthly Institute Inc ($703k) and Kauai Museum Association Limited ($703k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $194k (28% of expenses). At year end it held assets of $201k against liabilities of $36k, net assets of $165k. It reported 2 employees.