The Niagara Arts & Cultural Center Inc

Analysis

The Niagara Arts & Cultural Center Inc is a registered charity in United States, based in Niagara Falls, NY. It received its IRS tax-exemption ruling in August 2001, 25 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 Niagara Arts & Cultural Center Inc reported income of $583k and spending of $570k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $352k to $583k (+65%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 39%. Over the whole period it spent 109% 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 Niagara Arts & Cultural Center Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 68th percentile within NY. Charities of a similar size with the same main cause include Treehouse Theater ($583k), Kansas City Jazz Orchestra ($583k) and Venezuelan American Endowment for the Arts Inc ($583k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $34k (5.9% of expenses). Other salaries and wages came to $173k. At year end it held assets of $2.0m against liabilities of $858k, net assets of $1.2m. It reported 10 employees.