Deepart-Ai Foundation

Analysis

Deepart-Ai Foundation is a registered charity in United States, based in Los Altos, CA. It received its IRS tax-exemption ruling in October 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 (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, Deepart-Ai Foundation reported income of $171k and spending of $89k, leaving 48% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $140k to $171k (+22%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 22%. Over the whole period it spent 46% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Deepart-Ai Foundation sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 52nd percentile within CA. Charities of a similar size with the same main cause include Taconic Music Inc ($171k), Buffalo Cattaraugus & Jamestown Scenic Railway Company Inc ($171k) and High Mountain Hay Fever Festival Association ($171k).

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 $313k against liabilities of $0, net assets of $313k.