Artists Creating Together Inc

Analysis

Artists Creating Together Inc is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in March 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Artists Creating Together Inc reported income of $494k and spending of $560k, spending 113% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $409k to $494k (+21%), an average of +4.8% a year. The sharpest change came in the year to June 2023, when income rose by 29%. Over the whole period it spent 122% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Artists Creating Together Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within MI. Charities of a similar size with the same main cause include Charis Center Inc ($494k), Show and Tell Corporation ($494k) and Waking Women Healing Institute Inc ($494k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 72% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $97k (17% of expenses). Other salaries and wages came to $172k. At year end it held assets of $1.2m against liabilities of $226k, net assets of $966k. It reported 6 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.