Space for Art Foundation

Analysis

Space for Art Foundation is a registered charity in United States, based in St Petersburg, FL. It received its IRS tax-exemption ruling in July 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, Space for Art Foundation reported income of $76k and spending of $21k, leaving 72% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $1.3m to $76k (-94%), an average of -76% a year. The sharpest change came in the year to December 2023, when income rose by 228%. Over the whole period it spent 6.0% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Space for Art Foundation sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 33rd percentile within FL. Charities of a similar size with the same main cause include Lyles Station Historic Preservation Corporation ($76k), Beverley Street Studio School Incorporated ($76k) and Prattsville Art Project Inc ($76k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% of the total. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m.