The H E Art Project

Analysis

The H E Art Project is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in September 1994, 32 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 June 2023, The H E Art Project reported income of $1.7m and spending of $1.9m, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.4m to $1.7m (+23%), an average of +5.4% a year. The sharpest change came in the year to June 2023, when income rose by 21%. Over the whole period it spent 108% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The H E Art Project 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 Counterpublic ($1.7m), New Bedford Symphony Orchestra Association Inc ($1.7m) and The Ablegamers Foundation Inc ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 81% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $157k (8.2% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $138k against liabilities of $28k, net assets of $111k. It reported 44 employees.