Ground Floor Artists

Analysis

Ground Floor Artists is a registered charity in United States, based in Surprise, AZ. 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ground Floor Artists reported income of $151k and spending of $156k, spending 103% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $117k to $151k (+29%), an average of +29% a year. The sharpest change came in the year to December 2023, when income rose by 29%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ground Floor Artists sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 45th percentile within AZ. Charities of a similar size with the same main cause include War Eagles Air Museum Endowment Fund ($151k), Lookingglass Playhouse of Lebanon ($151k) and Berkshires Jazz Inc ($151k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 4.6% and program service revenue 69% of the total. At year end it held assets of $33k against liabilities of $2,760, net assets of $30k.