Art of Ely Sium

Analysis

Art of Ely Sium is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in January 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 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, Art of Ely Sium reported income of $912k and spending of $1.8m, spending 194% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $1.8m to $912k (-51%), an average of -13% a year. The sharpest change came in the year to December 2023, when income rose by 75%. Over the whole period it spent 102% 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 of Ely Sium sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within CA. Charities of a similar size with the same main cause include Indiana Academy of Science ($912k), Academy of Hellenic Paideia Inc ($913k) and Hancock County Performing Arts Center Foundation ($912k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% of the total. Compensation of current officers, directors and key employees was $124k (7.0% of expenses). Other salaries and wages came to $343k. At year end it held assets of $755k against liabilities of $1.9m, net assets of -$1.2m. It reported 10 employees.