Supports the cultural sector through grantmaking, advocacy, leadership training, and research to strengthen the community and expand the capacity of arts organizations.
Supports the cultural sector through grantmaking, advocacy, leadership training, and research to strengthen the community and expand the capacity of arts organizations.
For fiscal year 2024 it reported $16.2M in revenue, $15.2M in expenses, and $6.9M in net assets.Pt I
Where the money goes · FY2024
Total revenue
$16.2M
Pt VIII · Ln 12
Total expenses
$15.2M
Pt IX · Ln 25
Net assets
$6.9M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $974K
Where spending went · Part IX cols B–D
88%
Program services $0.88 Management & general $0.08 Fundraising $0.04
Program efficiency
88%
of spending reaches programs▼ -1% vs prior filing year
Operating runway
5.8mo
months of highly liquid reserves at operating expense rate▲ +57% vs prior filing year
Surplus margin
+6%
revenue over expenses, this year▲ +328% vs prior filing year
Summary of the Filing
Part I · fiscal year 2024 · Form 990
Revenue
$16.2M
FY2024▲ +11%
$16.2M$8.1M$0
FY2020FY2024
Expenses
$15.2M
FY2024▲ +1%
$15.2M$7.6M$0
FY2020FY2024
Total assets
$7.4M
FY2024▲ +21%
$7.4M$3.7M$0
FY2020FY2024
Total liabilities
$496K
FY2024▲ +204%
$496K$248K$0
FY2020FY2024
Total revenue
$16.2M
Pt VIII · Ln 12
Total expenses
$15.2M
Pt IX · Ln 25
Net assets
$6.9M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$974K
Total assetsPt X · Ln 16$7.4M
Program-expense ratioPt IX · col B88%
Voting members of governing bodyPt I · Ln 333
Independent voting membersPt I · Ln 433
Mission & Programs · Part III
Where the work happens
2 program services account for $13.4M of program spending, described in the organization's own filed words · FY2023.
01
Artsfund provides general operating support to nonprofit irc 501(c)(3) arts organizations. Awards are made through an "allocation process and take into consideration each organization's mission and art, management and financial condition, and commitment to and impact on the community.
$12.6Mprogram expense
02
Artsfund conducts a variety of programs to benefit the cultural sector: an associates program to equip volunteers with leadership and fundraising skills; board leadership training classes on legal and financial responsibilities, strategic planning, fundraising and best governance practices; convenings to share resources, practices and…
Michael R Greer’s $300K as President/CEO
is at the 42nd 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 · 6 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 Michael R Greer · Reported title PRESIDENT/CEO · Highest reported compensation $300K · Total expenses $15.2M
2%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $1.7M · Total expenses $15.2M
11%
Peer comparison
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
Metric
This org
Peer median
Percentile
Program ratio
88%
—
—
Overhead ratio
8%
—
—
Fundraising cost ratio
4%
—
—
Revenue growth
11%
—
—
Accounting fee ratio
0%
—
—
Fundraising fee ratio
0%
—
—
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.
Want to add your own materials alongside these filings? Claim this org
Sources
Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More
The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.
Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.
We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.
Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.
If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.
Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.
If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.
All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.
Sign-in is temporarily unavailable
Leave your email and we’ll let you know when you can finish signing in and follow
the organization.