Sanctuary of the Arts

Analysis

Sanctuary of the Arts is a registered charity in United States, based in Coral Gables, FL. It received its IRS tax-exemption ruling in September 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 September 2023, Sanctuary of the Arts reported income of $756k and spending of $670k, spending 89% of its income. Across the 4 years on record, from September 2020 to September 2023, income fell from $1.2m to $756k (-38%), an average of -15% a year. The sharpest change came in the year to September 2022, when income rose by 169%. Over the whole period it spent 57% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Sanctuary of the Arts 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 78th percentile within FL. Charities of a similar size with the same main cause include Sphere Institute ($755k), Cincinnati Observatory Center ($756k) and Music Is Extraordinary Inc ($755k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 94% and program service revenue 1.9% of the total. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m.