Can Art Change the World Inc

Analysis

Can Art Change the World Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 2022, 4 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, Can Art Change the World Inc reported income of $478k and spending of $1.4m, spending 292% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $1.1m to $478k (-55%), an average of -15% a year. The sharpest change came in the year to December 2022, when income rose by 767%. Over the whole period it spent 34% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Can Art Change the World Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 65th percentile within NY. Charities of a similar size with the same main cause include Africa International House U S a Inc ($477k), Society for History and Racial Equity ($478k) and Masonic Theatre Preservation Foundation ($477k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 66% of the total. At year end it held assets of $9.6m against liabilities of $39k, net assets of $9.6m.