Artwaves

Analysis

Artwaves is a registered charity in United States, based in Bar Harbor, ME. It received its IRS tax-exemption ruling in October 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, Artwaves reported income of $148k and spending of $161k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $90k to $148k (+64%), an average of +13% a year. The sharpest change came in the year to December 2022, when income rose by 127%. Over the whole period it spent 77% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Artwaves sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 40th percentile within ME. Charities of a similar size with the same main cause include Sweet Adelines International ($148k), Chapter House LA ($148k) and Heritage Hall Museum & Archives ($148k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 48% of the total. Other salaries and wages came to $54k. At year end it held assets of $607k against liabilities of $467k, net assets of $140k. It reported 4 employees.