Arizona Arts Circle Ltd

Analysis

Arizona Arts Circle Ltd is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in April 2003, 23 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, Arizona Arts Circle Ltd reported income of $250k and spending of $156k, leaving 38% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $124k to $250k (+101%), an average of +101% a year. The sharpest change came in the year to December 2023, when income rose by 101%. Over the whole period it spent 78% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Arizona Arts Circle Ltd 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 58th percentile, and in the 56th percentile within AZ. Charities of a similar size with the same main cause include Zionsville Showchoirs Inc ($250k), Clarksdale Downtown Development ($250k) and Greater Ashmont Main Street Inc ($250k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $96k (62% of expenses). At year end it held assets of $179k against liabilities of $2,365, net assets of $177k. It reported 2 employees.