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Statement Arts Inc

EIN 20-5198657 · New York, NY

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthStrong93 out of 100GovernanceStrong93 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

Statement Arts believe in the power of an integrated arts education to cultivate the next generation of leaders who can inspire social and cultural change. Our holistic approach supports young people and offers the space for them to find their voices and add their statements to the world.

Income
$428,143
Spending
$404,246
Spent on programs
72%
Reserves
9.2 months of spending
Largest source of income
other income, 46%
Employees
7
Volunteers
25
Highest pay
$62,002, secretary

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Strong: 93 out of 100. Higher than 78% of charities in its peer group (arts and culture, $250k to $1m).

  • Reserves

    28 of 35

    Spendable reserves would cover 9.2 months of spending.

  • Debt

    20 of 20

    It owes 1% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 6% of income.

  • Income trend

    15 of 15

    Income rose 13% on the year before.

  • Spending floor

    15 of 15

    72% of spending went to programs and raising each dollar of donations cost 13 cents.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 93 out of 100. Higher than 89% of charities in its peer group (arts and culture, $250k to $1m).

  • Independent board

    25 of 25

    7 of 7 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (2)
  1. $144,814 spent. START DREAMING (SD) IS A YEAR-LONG PROGRAM FOR RISING HIGH SCHOOL SENIORS. IT BEGINS WITH A MONTH-LONG ARTS INTENSIVE THAT IMMERSES OUR PARTICIPANTS IN THE PERFORMING ARTS AND CULMINATES IN A FINAL PERFORMANCE. STUDENTS ENJOY MASTERCLASSES AND PRIVATE INSTRUCTION IN VOICE, DANCE AND ACTING, AND ENGAGE IN CREATIVE WRITING ACTIVITIES THAT BECOME THEIR COLLEGE ENTRANCE ESSAYS. IN SEPTEMBER, EACH PARTICIPANT IS ASSIGNED A MENTOR WHO WORKS CLOSELY WITH THE STUDENT AND THEIR FAMILY TO ASSIST WITH THE COMPLETION OF THEIR COLLEGE APPLICATIONS & FAFSA, KEEPS TRACK OF DETAILS, AND ENCOURAGES THEM ALONG THE WAY. WE ARE PROUD TO BOAST A 100% SUCCESS RATE OF GETTING OUR PARTCIPANTS INTO THEIR COLLEGE OF CHOICE, WITH MOST RECEIVING SUBSTAINTIAL SCHOLARSHIPS.
  2. $144,813 spent. START YOUNG (SY) IS A SUMMER CAMP THAT PROVIDES ITS PARTICIPANTS (GRADES 3-6 & 7-11) MUSICAL THEATER TRAINING INCLUDING CHOIR, DANCE/CHOREOGRAPHY, ACTING, AND SCRIPT/CREATIVE WRITING ABOUT ISSUES THAT MATTER TO THEM. WITH THE HELP OF PROFESSIONAL TEACHING ARTISTS, STUDENTS' WORK IS CRAFTED INTO AN ORGINAL MINI-MUSICAL TO BE PERFORMED AT THE PROGRAM'S END. MANY SY PARTCIPANTS GROW UP WITH US AND ENTER OUR OTHER PROGRAM, SD, AFTER THEIR JUNIOR YEAR.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since October 2008.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.