The Springville Center for the Arts Inc

Analysis

The Springville Center for the Arts Inc is a registered charity in United States, based in Springville, NY. It received its IRS tax-exemption ruling in December 1998, 28 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Springville Center for the Arts Inc reported income of $1.2m and spending of $607k, leaving 48% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income grew from $453k to $1.2m (+157%), an average of +37% a year. The sharpest change came in the year to December 2023, when income rose by 119%. Over the whole period it spent 55% 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 Springville Center for the Arts Inc 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 81st percentile, and in the 77th percentile within NY. Charities of a similar size with the same main cause include Schauer Arts and Activities Center Inc ($1.2m), Coral Gables Museum Corporation ($1.2m) and Publicsource Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 4.1% of the total. Compensation of current officers, directors and key employees was $279k (46% of expenses). Other salaries and wages came to $49k. At year end it held assets of $3.9m against liabilities of $677k, net assets of $3.2m. It reported 21 employees.