Arthentic Arts Incorporated

Analysis

Arthentic Arts Incorporated is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in December 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, Arthentic Arts Incorporated reported income of $68k and spending of $14k, leaving 79% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $1,000 to $68k (+6700%), an average of +725% a year. The sharpest change came in the year to December 2022, when income rose by 1900%. Over the whole period it spent 38% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Arthentic Arts Incorporated sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 24th percentile within IN. Charities of a similar size with the same main cause include Heath Community Arts Council ($68k), Arts for All ($68k) and Afrola Media Group ($68k).

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 $54k against liabilities of $0, net assets of $54k.