Community Improvement
(S50)
IRS Verified
DX Registered
990 on File
ARTS BUSINESS COLLABORATIVE INC
Financial strength (30%)
68/100
Reliability (20%)
45/100
Effectiveness (25%)
61/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Mission Statement
ABC is a 501(c)3 technical assistance and research organization with a mission to improve quality of life for people of color through the arts and STEM. Our services focus on the underlying factors that impede their creative and professional endeavors: access to capital, networks, and training. ABC aims to systemically improve the quality of life in communities of color through two main services: the Grassroots Action Project and the Rising Tides Research Institute.
Financial Overview — FY 2023
$1.9M
Total Revenue
$2.7M
Total Expenses
$613K
Net Assets
12
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
62.9%
Fundraising Efficiency
N/A
Operating Reserve
2.74x
Liability-to-Asset
9.4%
Revenue Diversification
95.9%
Executive Compensation
$341K
Compared with Peers
FY 2023
Compared with 2,193 similar organizations
(United States, Community Improvement, $1M–$10M in expenses), FY 2023.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
62.9% | 85.1% |
P10P90
|
Bottom quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
31.5% | 11.8% |
P10P90
|
Bottom quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
5.6% | 0.2% |
P10P90
|
Bottom quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
2.7 mo | 10.6 mo |
P10P90
|
Bottom quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
9.4% | 21.0% |
P10P90
|
Above median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
95.9% | 91.2% |
P10P90
|
Below median |
|
Revenue growth
Year over year revenue growth
|
-11.6% | 7.5% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-70.5% | 13.0% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-41.7% | 1.8% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $1.9M | $2.7M | $613K | 62.9% | 12 |
| 2022 | $2.1M | $9.1M | $1.4M | 84.9% | 12 |
| 2021 | $14.3M | $5.9M | N/A | — | 12 |
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