IX Art Park Foundation

Analysis

IX Art Park Foundation is a registered charity in United States, based in Charlottesvle, VA. It received its IRS tax-exemption ruling in September 2019, 7 years ago. 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, IX Art Park Foundation reported income of $802k and spending of $854k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $556k to $802k (+44%), an average of +9.6% a year. The sharpest change came in the year to December 2021, when income rose by 394%. Over the whole period it spent 74% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, IX Art Park Foundation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within VA. Charities of a similar size with the same main cause include The Virtue Foundation ($802k), Shelter Providers of Utah ($802k) and Vermont Council on World Affairs Inc ($802k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 75% of the total. Other salaries and wages came to $442k. At year end it held assets of $1.4m against liabilities of $147k, net assets of $1.2m. It reported 31 employees.