Arts with a Purpose Inc

Analysis

Arts with a Purpose Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in July 2018, 8 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, Arts with a Purpose Inc reported income of $103k and spending of $99k, spending 97% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $51k to $103k (+102%), an average of +42% a year. The sharpest change came in the year to December 2022, when income rose by 56%. Over the whole period it spent 95% 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 with a Purpose Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 35th percentile within IN. Charities of a similar size with the same main cause include Wallowa Valley Music Alliance ($103k), Cultural and Creative Arts Center of the Santa Maria Valley ($103k) and Museum of Classic Chicago Television ($103k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $22k against liabilities of $0, net assets of $22k.