Angelico Project - a Center for Culture and Thought

Analysis

Angelico Project - a Center for Culture and Thought is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in September 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 August 2023, Angelico Project - a Center for Culture and Thought reported income of $229k and spending of $64k, leaving 72% of income unspent that year. Across the 2 years on record, from December 2022 to August 2023, income grew from $147k to $229k (+56%), an average of +56% a year. The sharpest change came in the year to August 2023, when income rose by 56%. Over the whole period it spent 50% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Angelico Project - a Center for Culture and Thought sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 56th percentile within OH. Charities of a similar size with the same main cause include Jordan High School Band and Color Guard Booster Club ($229k), James Merrill House Foundation ($229k) and National Cambridge Collectors Inc ($229k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 100% and program service revenue 0.5% of the total. Other salaries and wages came to $19k. At year end it held assets of $260k against liabilities of $0, net assets of $260k.