Artsrevive Community Development Corporation

Analysis

Artsrevive Community Development Corporation is a registered charity in United States, based in Selma, AL. It received its IRS tax-exemption ruling in June 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Artsrevive Community Development Corporation reported income of $495k and spending of $391k, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $257k to $495k (+93%), an average of +18% a year. The sharpest change came in the year to December 2021, when income rose by 162%. Over the whole period it spent 80% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Artsrevive Community Development Corporation sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 73rd percentile within AL. Charities of a similar size with the same main cause include Fundacion Biblioteca Rafael Hernandez Colon Inc ($495k), Andrew County Museum & Historical Society ($495k) and Historical Society of Quincy & Adams County Illinois ($495k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 0.7% of the total. Other salaries and wages came to $160k. At year end it held assets of $1.7m against liabilities of $0, net assets of $1.7m. It reported 6 employees.