Empowers artists and creatives by providing technology, resources, and research to make artistic careers more accessible, equitable, and sustainable.
For fiscal year 2024 it reported $45.5M in revenue, $44.8M in expenses, and $37.9M in net assets.Pt I
Where the money goes · FY2024
Total revenue
$45.5M
Pt VIII · Ln 12
Total expenses
$44.8M
Pt IX · Ln 25
Net assets
$37.9M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $704K
Where spending went · Part IX cols B–D
97%
Program services $0.97 Management & general $0.03 Fundraising $0.00
Program efficiency
97%
of spending reaches programs0% vs prior filing year
Operating runway
10.0mo
months of highly liquid reserves at operating expense rate▼ -7% vs prior filing year
Surplus margin
+2%
revenue over expenses, this year▼ -78% vs prior filing year
Summary of the Filing
Part I · fiscal year 2024 · Form 990
Revenue
$45.5M
FY2024▲ +8%
$45.5M$22.8M$0
FY2020FY2024
Expenses
$44.8M
FY2024▲ +15%
$44.8M$22.4M$0
FY2020FY2024
Total assets
$37.9M
FY2024▲ +7%
$37.9M$19.0M$0
FY2020FY2024
Total liabilities
$58K
FY2024▼ -21%
$164K$82K$0
FY2020FY2024
Total revenue
$45.5M
Pt VIII · Ln 12
Total expenses
$44.8M
Pt IX · Ln 25
Net assets
$37.9M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$704K
Total assetsPt X · Ln 16$37.9M
Program-expense ratioPt IX · col B97%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 48
Mission & Programs · Part III
Where the work happens
2 program services account for $43.3M of program spending, described in the organization's own filed words · FY2024.
01
Fractured atlas, inc. Serves as the fiscal sponsor to 4,000+ individual artists and arts organizations around the united states. Fractured atlas receives, holds, and distributes grants and contributions on behalf of these projects.
$43.3Mprogram expense
02
Processing CONSULTATION/NO objection letters for o & p visas for individuals applying to work as artists in the united states.
Theresa Hubbard’s $210K as CEO
is at the 18th percentile of top reported officer pay among 749 $10–100M arts & culture nonprofits.
Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
Individual Theresa Hubbard · Reported title CEO · Highest reported compensation $210K · Total expenses $44.8M
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $2.9M · Total expenses $44.8M
7%
Peer comparison
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
Metric
This org
Peer median
Percentile
Program ratio
97%
—
—
Overhead ratio
3%
—
—
Fundraising cost ratio
0%
—
—
Revenue growth
8%
—
—
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
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Sources
Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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