Fuerte Art Collective

Analysis

Fuerte Art Collective is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in February 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, Fuerte Art Collective reported income of $429k and spending of $355k, spending 83% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $401k to $429k (+7.0%), an average of +7.0% a year. Over the whole period it spent 117% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Fuerte Art Collective sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 65th percentile within AZ. Charities of a similar size with the same main cause include Texas Folklife Resources ($429k), Art of Recycle ($429k) and Foundry Project Arts Incubator ($429k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $53k (15% of expenses). Other salaries and wages came to $71k. At year end it held assets of $60k against liabilities of $289k, net assets of -$229k. It reported 4 employees.