Artist Trust

Analysis

Artist Trust is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in June 1987, 39 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, Artist Trust reported income of $1.0m and spending of $1.3m, spending 132% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.3m to $1.0m (-21%), an average of -5.6% a year. The sharpest change came in the year to December 2020, when income rose by 65%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Artist Trust sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within WA. Charities of a similar size with the same main cause include Lionheart Foundation ($1.0m), Mountain Town Stages ($1.0m) and Connectcr Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 109% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $186k (14% of expenses). Other salaries and wages came to $380k. At year end it held assets of $5.1m against liabilities of $150k, net assets of $5.0m. It reported 9 employees.