Charity for the Arts Sports & Education Inc

Analysis

Charity for the Arts Sports & Education Inc is a registered charity in United States, based in Newtown SQ, PA. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Charity for the Arts Sports & Education Inc reported income of $634k and spending of $413k, leaving 35% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $364k to $634k (+74%), an average of +74% a year. The sharpest change came in the year to December 2023, when income rose by 74%. Over the whole period it spent 66% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Charity for the Arts Sports & Education Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 72nd percentile within PA. Charities of a similar size with the same main cause include Cpca Ventures ($634k), United Way of Randolph Co Inc ($635k) and Friends of Ukraine ($634k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 1.0% of the total. At year end it held assets of $378k against liabilities of $37k, net assets of $341k.