Norfolk Arts Center

Analysis

Norfolk Arts Center is a registered charity in United States, based in Norfolk, NE. It received its IRS tax-exemption ruling in February 1980, 46 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Norfolk Arts Center reported income of $278k and spending of $401k, spending 144% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $575k to $278k (-52%), an average of -17% a year. The sharpest change came in the year to June 2023, when income rose by 95%. Over the whole period it spent 80% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Norfolk Arts Center sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 59th percentile within NE. Charities of a similar size with the same main cause include Art Access ($278k), Music House Museum ($278k) and Art Sparks ($278k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 57% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $55k (14% of expenses). Other salaries and wages came to $80k. At year end it held assets of $3.0m against liabilities of $4,234, net assets of $3.0m. It reported 5 employees.