Senior Center for the Arts Inc

Analysis

Senior Center for the Arts Inc is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in May 2005, 21 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 June 2023, Senior Center for the Arts Inc reported income of $325k and spending of $238k, leaving 27% of income unspent that year. Across the 3 years on record, from June 2020 to June 2023, income grew from $150k to $325k (+117%), an average of +47% a year. The sharpest change came in the year to June 2022, when income rose by 81%. Over the whole period it spent 76% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Senior Center for the Arts Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 64th percentile within TN. Charities of a similar size with the same main cause include Merely Players ($325k), National Motorist Association Inc ($325k) and Dogtown Dance Theatre Inc ($325k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 33% and program service revenue 66% of the total. At year end it held assets of $256k against liabilities of $173k, net assets of $83k.