Arteeast Inc

Analysis

Arteeast Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in May 2004, 22 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, Arteeast Inc reported income of $247k and spending of $251k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $156k to $247k (+59%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 257%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Arteeast Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 55th percentile within NY. Charities of a similar size with the same main cause include Hui Aloha Aina Momona ($247k), Kalashramusa Inc ($247k) and Missouri City Juneteenth ($247k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.4% of the total. Other salaries and wages came to $114k. At year end it held assets of $80k against liabilities of $6,750, net assets of $73k. It reported 2 employees.