Support of Old Lady Artists

Analysis

Support of Old Lady Artists is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in March 2022, 4 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, Support of Old Lady Artists reported income of $161k and spending of $97k, leaving 40% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $134k to $161k (+20%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 20%. Over the whole period it spent 52% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Support of Old Lady Artists sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 45th percentile within WA. Charities of a similar size with the same main cause include Ua Vocal Music Boosters Inc ($161k), Rabbi Joseph Breuer Foundation Inc ($161k) and Clifton Forge Company ($161k).

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 $154k against liabilities of $0, net assets of $154k.