Smith Center for the Arts Inc

Analysis

Smith Center for the Arts Inc is a registered charity in United States, based in Geneva, NY. It received its IRS tax-exemption ruling in December 1979, 47 years ago. 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, Smith Center for the Arts Inc reported income of $840k and spending of $799k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.2m to $840k (-28%), an average of -7.8% a year. The sharpest change came in the year to December 2021, when income rose by 205%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Smith Center for the Arts Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 73rd percentile within NY. Charities of a similar size with the same main cause include Volunteers of America Inc ($840k), Mental Health America of Virginia ($840k) and Boy Scouts of America ($840k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $85k (11% of expenses). Other salaries and wages came to $216k. At year end it held assets of $2.4m against liabilities of $536k, net assets of $1.9m. It reported 24 employees.