Artistic Freedom Initiative Inc

Analysis

Artistic Freedom Initiative Inc is a registered charity in United States, based in Brooklyn, NY. 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 December 2023, Artistic Freedom Initiative Inc reported income of $2.2m and spending of $1.4m, leaving 37% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $213k to $2.2m (+923%), an average of +79% a year. The sharpest change came in the year to December 2021, when income rose by 243%. Over the whole period it spent 74% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Artistic Freedom Initiative Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 83rd percentile within NY. Charities of a similar size with the same main cause include Oakdale Foundation ($2.2m), International Sculpture Center Inc ($2.2m) and World Sleep Foundation ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $124k (9.0% of expenses). Other salaries and wages came to $445k. At year end it held assets of $1.2m against liabilities of $101k, net assets of $1.1m. It reported 11 employees.