The Strand Center for the Arts

Analysis

The Strand Center for the Arts is a registered charity in United States, based in Plattsburgh, NY. It received its IRS tax-exemption ruling in November 2000, 26 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, The Strand Center for the Arts reported income of $1.1m and spending of $1.2m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.1m (+2.9%), an average of +0.7% a year. The sharpest change came in the year to December 2021, when income rose by 736%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Strand Center for the Arts sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 76th percentile within NY. Charities of a similar size with the same main cause include Concert Association of Florida Inc ($1.1m), Hec-Tv ($1.1m) and Friends of the Palace Theater ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 73% of the total. Other salaries and wages came to $274k. At year end it held assets of $4.0m against liabilities of $593k, net assets of $3.4m. It reported 33 employees.