Arts Impact

Analysis

Arts Impact is a registered charity in United States, based in Tacoma, WA. It received its IRS tax-exemption ruling in October 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 June 2024, Arts Impact reported income of $937k and spending of $1.0m, spending 110% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $582k to $937k (+61%), an average of +13% a year. The sharpest change came in the year to June 2021, when income rose by 69%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Arts Impact sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within WA. Charities of a similar size with the same main cause include Documentary Arts Inc ($937k), Childrens Museum of Lancaster ($937k) and Mansfield Bio-Incubator Inc ($937k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 20% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $108k (11% of expenses). Other salaries and wages came to $427k. At year end it held assets of $213k against liabilities of $89k, net assets of $124k. It reported 13 employees.