Global Arts Corporation

Analysis

Global Arts Corporation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in December 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, Global Arts Corporation reported income of $332k and spending of $249k, leaving 25% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $141k to $332k (+135%), an average of +135% a year. The sharpest change came in the year to December 2023, when income rose by 135%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Global Arts Corporation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within CA. Charities of a similar size with the same main cause include The Bottom ($332k), Arch Social Community Network Inc ($332k) and Disco Riot ($332k).

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 $56k (22% of expenses). Other salaries and wages came to $130k. At year end it held assets of $201k against liabilities of $2,159, net assets of $199k. It reported 7 employees.