Cultureverse

Analysis

Cultureverse is a registered charity in United States, based in Ann Arbor, MI. It received its IRS tax-exemption ruling in June 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, Cultureverse reported income of $691k and spending of $749k, spending 108% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $513k to $691k (+35%), an average of +16% a year. The sharpest change came in the year to December 2022, when income rose by 66%. 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, Cultureverse sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within MI. Charities of a similar size with the same main cause include Environmental Mutagenesis and Genomics Society Emgs ($690k), Citadel Theatre Company ($691k) and Copland House Inc ($690k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $103k (14% of expenses). Other salaries and wages came to $293k. At year end it held assets of $132k against liabilities of $12k, net assets of $120k. It reported 12 employees.