Art and Advocacy Society

Analysis

Art and Advocacy Society is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in June 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 May 2023, Art and Advocacy Society reported income of $1.4m and spending of $156k, leaving 89% of income unspent that year. Across the 2 years on record, from December 2022 to May 2023, income grew from $54k to $1.4m (+2598%), an average of +2598% a year. The sharpest change came in the year to May 2023, when income rose by 2598%. Over the whole period it spent 10% 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 and Advocacy Society sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 79th percentile within NY. Charities of a similar size with the same main cause include Oklahoma Arts Institute Foundation ($1.4m), South Arkansas Arts Center ($1.4m) and Port Townsend Aero Museum ($1.4m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 6.8% and program service revenue 93% of the total. At year end it held assets of $2.6m against liabilities of $1.2m, net assets of $1.3m.