Art Resources Transformations

Analysis

Art Resources Transformations is a registered charity in United States, based in Akron, OH. It received its IRS tax-exemption ruling in August 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 Resources Transformations reported income of $768k and spending of $909k, spending 118% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $1.3m to $768k (-41%), an average of -16% a year. The sharpest change came in the year to December 2021, when income dropped by 51%. Over the whole period it spent 73% 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 Resources Transformations sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within OH. Charities of a similar size with the same main cause include Music Center of South Central Michigan ($768k), Historic Beaufort Foundation ($768k) and First Person Arts Inc ($768k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 4.2% of the total. Other salaries and wages came to $145k. At year end it held assets of $980k against liabilities of $2,930, net assets of $977k. It reported 2 employees.