One Arts Inc

Analysis

One Arts Inc is a registered charity in United States, based in Burlington, VT. It received its IRS tax-exemption ruling in May 2022, 4 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, One Arts Inc reported income of $1.3m and spending of $1.2m, spending 92% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $372k to $1.3m (+239%), an average of +84% a year. The sharpest change came in the year to December 2022, when income rose by 233%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, One Arts Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 80th percentile within VT. Charities of a similar size with the same main cause include Southern California School Band and Orchestra Association ($1.3m), Illinois Symphony Orchestra Inc ($1.3m) and Dorrance Dance Incorporated ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $50k (4.3% of expenses). Other salaries and wages came to $750k. At year end it held assets of $219k against liabilities of $66k, net assets of $153k. It reported 73 employees.