Artspace Development Corporation

Analysis

Artspace Development Corporation is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in October 2016, 10 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Artspace Development Corporation reported income of $219k and spending of $299k, spending 136% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $181k to $219k (+21%), an average of +6.5% a year. The sharpest change came in the year to December 2021, when income rose by 15%. Over the whole period it spent 130% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Artspace Development Corporation sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 58th percentile within CA. Charities of a similar size with the same main cause include 130 Howe Street Inc ($219k), Affordable Housing Services ($219k) and Auglaize Housing Development Inc ($219k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $910k against liabilities of $1.2m, net assets of -$272k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.