Artequity Community

Analysis

Artequity Community is a registered charity in United States, based in Pasadena, CA. It received its IRS tax-exemption ruling in June 2019, 7 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 June 2023, Artequity Community reported income of $1.2m and spending of $951k, leaving 22% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $647k to $1.2m (+88%), an average of +17% a year. The sharpest change came in the year to June 2023, when income rose by 87%. Over the whole period it spent 66% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Artequity Community sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within CA. Charities of a similar size with the same main cause include Institute of Nautical Archaeology ($1.2m), Clubbed Thumb Inc ($1.2m) and Media Impact Funders Inc ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $84k (8.8% of expenses). Other salaries and wages came to $322k. At year end it held assets of $1.6m against liabilities of $47k, net assets of $1.5m. It reported 9 employees.