Arbutus Foundation Inc

Analysis

Arbutus Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 2020, 6 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, Arbutus Foundation Inc reported income of $849k and spending of $725k, spending 85% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $465k to $849k (+83%), an average of +22% a year. The sharpest change came in the year to December 2022, when income rose by 278%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Arbutus Foundation Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 73rd percentile within NY. Charities of a similar size with the same main cause include The Little Orchestra Society- Orpheon Inc ($849k), Salt Block Foundation Inc ($849k) and Art 180 Inc ($849k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 6.2% of the total. Compensation of current officers, directors and key employees was $93k (13% of expenses). At year end it held assets of $238k against liabilities of $225k, net assets of $13k.