Collective Arts Inc

Analysis

Collective Arts Inc is a registered charity in United States, based in Eau Claire, WI. It received its IRS tax-exemption ruling in January 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 December 2023, Collective Arts Inc reported income of $140k and spending of $161k, spending 115% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $168k to $140k (-16%), an average of -16% a year. The sharpest change came in the year to December 2023, when income dropped by 16%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Collective Arts Inc sits at the 51st percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 45th percentile within WI. Charities of a similar size with the same main cause include Kerala Cultural Society of Metropolitan Washington ($140k), Harvard-Radcliffe Collegium Musicum Foundation Inc ($140k) and Working Title Playwrights Inc ($140k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 1.0% of the total. At year end it held assets of $21k against liabilities of $0, net assets of $21k.