Art Center of the Bluegrass Inc

Analysis

Art Center of the Bluegrass Inc is a registered charity in United States, based in Danville, KY. It received its IRS tax-exemption ruling in February 2004, 22 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, Art Center of the Bluegrass Inc reported income of $777k and spending of $594k, leaving 23% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $448k to $777k (+74%), an average of +15% a year. The sharpest change came in the year to June 2023, when income rose by 85%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Art Center of the Bluegrass Inc 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 76th percentile, and in the 77th percentile within KY. Charities of a similar size with the same main cause include Grosse Pointe Theatre Inc ($777k), Taiwanese-American Foundation of San Diego ($777k) and 4 Learning ($776k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 69% and program service revenue 23% of the total. Other salaries and wages came to $289k. At year end it held assets of $1.8m against liabilities of $308k, net assets of $1.5m. It reported 8 employees.