Redux Contemporary Art Center

Analysis

Redux Contemporary Art Center is a registered charity in United States, based in Charleston, SC. It received its IRS tax-exemption ruling in December 2002, 24 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 December 2023, Redux Contemporary Art Center reported income of $711k and spending of $649k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $569k to $711k (+25%), an average of +5.7% a year. The sharpest change came in the year to December 2021, when income rose by 71%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Redux Contemporary Art Center sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 79th percentile within SC. Charities of a similar size with the same main cause include National Postdoctoral Assoication ($711k), Bearded Ladies Cabaret ($712k) and Krewe of Red Beans ($711k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 73% of the total. Other salaries and wages came to $120k. At year end it held assets of $235k against liabilities of $120k, net assets of $115k. It reported 3 employees.