Good Hart Artist Residency Inc

Analysis

Good Hart Artist Residency Inc is a registered charity in United States, based in Harbor Springs, MI. It received its IRS tax-exemption ruling in April 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Good Hart Artist Residency Inc reported income of $87k and spending of $102k, spending 117% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income fell from $105k to $87k (-17%), an average of -17% a year. The sharpest change came in the year to June 2024, when income dropped by 17%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Good Hart Artist Residency Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 33rd percentile within MI. Charities of a similar size with the same main cause include Manhattan Ensemble Theatre Inc ($87k), Inconcert ($87k) and Center Stage Childrens Theater ($87k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 87% and program service revenue 13% of the total. At year end it held assets of $65k against liabilities of $2,644, net assets of $62k.