Art Around the Corner Foundation

Analysis

Art Around the Corner Foundation is a registered charity in United States, based in St George, UT. It received its IRS tax-exemption ruling in November 1998, 28 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, Art Around the Corner Foundation reported income of $67k and spending of $42k, leaving 38% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $73k to $67k (-8.5%), an average of -8.5% a year. Over the whole period it spent 67% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Art Around the Corner Foundation sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 25th percentile within UT. Charities of a similar size with the same main cause include World Society for Stereotactic and Functional Neurosurgery ($67k), Friends of Johnston Inc ($67k) and Robocup Federation US Inc ($67k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 52% of the total. At year end it held assets of $187k against liabilities of $405, net assets of $186k.