Educational Center for Arts & Science

Analysis

Educational Center for Arts & Science is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in March 2013, 13 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 2023, Educational Center for Arts & Science reported income of $800k and spending of $390k, leaving 51% of income unspent that year. Across the 3 years on record, from December 2020 to June 2023, income grew from $273k to $800k (+192%), an average of +71% a year. The sharpest change came in the year to December 2021, when income rose by 76%. Over the whole period it spent 58% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Educational Center for Arts & Science sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 73rd percentile within RI. Charities of a similar size with the same main cause include Traveling Players Ensemble Inc ($799k), Alice and Eleonore Schoenfeld International Music Society Inc ($800k) and Drama Studio Inc ($799k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 3.3% of the total. Compensation of current officers, directors and key employees was $112k (29% of expenses). Other salaries and wages came to $102k. At year end it held assets of $1.2m against liabilities of $133k, net assets of $1.1m. It reported 10 employees.