Institute for Art and Living

Analysis

Institute for Art and Living is a registered charity in United States, based in Danville, CA. It received its IRS tax-exemption ruling in April 1983, 43 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Institute for Art and Living reported income of $195k and spending of $293k, spending 151% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $326k to $195k (-40%), an average of -12% a year. The sharpest change came in the year to December 2020, when income dropped by 36%. Over the whole period it spent 107% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Institute for Art and Living sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 55th percentile within CA. Charities of a similar size with the same main cause include Heartwell Cal Ripken-Babe Ruth League ($195k), Bridgeport Ladies Charitable Society Inc 105306388100 ($195k) and North High School Boosters Club of Eastlake Ohio Inc ($195k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.2% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $118k (40% of expenses). Other salaries and wages came to $43k. At year end it held assets of $338k against liabilities of $403k, net assets of -$65k. It reported 1 employees.