Buchanan Art Center Inc

Analysis

Buchanan Art Center Inc is a registered charity in United States, based in Buchanan, MI. It received its IRS tax-exemption ruling in November 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 December 2023, Buchanan Art Center Inc reported income of $129k and spending of $127k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $151k to $129k (-15%), an average of -15% a year. Over the whole period it spent 72% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Buchanan Art Center Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 43rd percentile within MI. Charities of a similar size with the same main cause include Chicago Dance Crash NFP ($129k), Union Colony Childrens Music Academy ($129k) and Dance Films Association Inc ($129k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 54% of the total. At year end it held assets of $497k against liabilities of $11k, net assets of $486k.