Harrison Center for the Arts Inc

Analysis

Harrison Center for the Arts Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in December 2003, 23 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Harrison Center for the Arts Inc reported income of $2.6m and spending of $1.6m, leaving 40% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.2m to $2.6m (+21%), an average of +5.0% a year. The sharpest change came in the year to December 2023, when income rose by 89%. Over the whole period it spent 75% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Harrison Center for the Arts Inc sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within IN. Charities of a similar size with the same main cause include World Indigenous Missions Inc ($2.6m), Aria University ($2.6m) and Family Promise-Greater Phoenix ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $143k (9.1% of expenses). Other salaries and wages came to $198k. At year end it held assets of $7.0m against liabilities of $2.0m, net assets of $4.9m. It reported 21 employees.