American Artists Project

Analysis

American Artists Project is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in November 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, American Artists Project reported income of $273k and spending of $301k, spending 110% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $164k to $273k (+66%), an average of +29% a year. The sharpest change came in the year to December 2022, when income rose by 96%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, American Artists Project sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 64th percentile within TX. Charities of a similar size with the same main cause include Pesvebi Inc ($273k), Cultural Park Theatre Inc ($273k) and False Profit Inc ($273k).

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 $181k (60% of expenses). At year end it held assets of $0 against liabilities of $0, net assets of $0.