Artists Reenvisioning Tomorrow

Analysis

Artists Reenvisioning Tomorrow is a registered charity in United States, based in Peoria, IL. It received its IRS tax-exemption ruling in March 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 June 2023, Artists Reenvisioning Tomorrow reported income of $754k and spending of $792k, spending 105% of what it took in. Across the 5 years on record, from December 2019 to June 2023, income grew from $242k to $754k (+211%), an average of +33% a year. The sharpest change came in the year to December 2022, when income rose by 166%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Artists Reenvisioning Tomorrow sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within IL. Charities of a similar size with the same main cause include Polish Heritage Alliance Inc ($754k), Museum & Gallery Inc ($754k) and Nevada Falun Dafa Association ($754k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $386k. At year end it held assets of $550k against liabilities of $372k, net assets of $178k. It reported 106 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.