Artsfund Foundation

Analysis

Artsfund Foundation is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in January 1998, 28 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Artsfund Foundation reported income of $2.4m and spending of $1.0m, leaving 58% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $619k to $2.4m (+285%), an average of +40% a year. The sharpest change came in the year to September 2020, when income rose by 1118%. Over the whole period it spent 40% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Artsfund Foundation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within WA. Charities of a similar size with the same main cause include National Christian Charitable Foundation Inc ($2.4m), Aggarwal & Gupta Family Foundation Inc ($2.4m) and Community Foundation of the New River Valley Inc ($2.4m).

At year end it held assets of $28.5m against liabilities of $0, net assets of $28.5m.