Art Camp 504

Analysis

Art Camp 504 is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in May 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, Art Camp 504 reported income of $263k and spending of $258k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $159k to $263k (+65%), an average of +65% a year. The sharpest change came in the year to December 2023, when income rose by 65%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Art Camp 504 sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 58th percentile within LA. Charities of a similar size with the same main cause include Hilltown Youth Performing Arts Program Inc ($263k), Kansas School of Classical Ballet Inc ($263k) and Renovation in Music Education ($263k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $49k (19% of expenses). At year end it held assets of $92k against liabilities of $621, net assets of $91k.