Evolution Arts Inc

Analysis

Evolution Arts Inc is a registered charity in United States, based in Rutherford, NJ. It received its IRS tax-exemption ruling in December 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Evolution Arts Inc reported income of $117k and spending of $118k, spending 101% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $65k to $117k (+79%), an average of +80% a year. The sharpest change came in the year to June 2024, when income rose by 79%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Evolution Arts Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 49th percentile within NJ. Charities of a similar size with the same main cause include Bowery Artists Inc ($117k), Philadelphia Dance Projects ($117k) and Island Angels Ltd ($117k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 75% and program service revenue 25% of the total. At year end it held assets of $15k against liabilities of $0, net assets of $15k.