Ink People Inc

Analysis

Ink People Inc is a registered charity in United States, based in Eureka, CA. It received its IRS tax-exemption ruling in July 1981, 45 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 March 2023, Ink People Inc reported income of $1.7m and spending of $1.8m, spending 104% of its income. Across the 5 years on record, from March 2019 to March 2023, income grew from $1.2m to $1.7m (+47%), an average of +10% a year. The sharpest change came in the year to March 2022, when income rose by 32%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ink People Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include Park Theater Trust ($1.7m), Beacon Media Inc ($1.7m) and James M and Cathleen D Stone Family Foundation Inc ($1.7m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 38% and program service revenue 59% of the total. Compensation of current officers, directors and key employees was $66k (3.7% of expenses). Other salaries and wages came to $651k. At year end it held assets of $988k against liabilities of $717k, net assets of $271k. It reported 29 employees.