Engage Art

Analysis

Engage Art is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in March 2021, 5 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, Engage Art reported income of $140k and spending of $216k, spending 154% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $624k to $140k (-78%), an average of -53% a year. The sharpest change came in the year to December 2023, when income dropped by 67%. Over the whole period it spent 107% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Engage Art sits at the 51st percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 43rd percentile within NC. Charities of a similar size with the same main cause include Texas Music Administrators Conference Inc ($140k), Spotlight Society ($140k) and Athens Cultural Arts Center Inc ($140k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $40k against liabilities of $0, net assets of $40k.