Art Supporting Foundation

Analysis

Art Supporting Foundation is a registered charity in United States, based in Redwood City, CA. It received its IRS tax-exemption ruling in September 1999, 27 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Art Supporting Foundation reported income of $60k and spending of $29k, leaving 52% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $122 to $60k (+49234%), an average of +371% a year. The sharpest change came in the year to June 2024, when income rose by 42586%. Over the whole period it spent 147% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Art Supporting Foundation sits at the 27th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 26th percentile within CA. Charities of a similar size with the same main cause include Bachs Children Music School ($60k), Thamizh Schools USA ($60k) and Fairbanks Shakespeare Theatre ($60k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $59.9m against liabilities of $0, net assets of $59.9m.