Divan Cultural Center

Analysis

Divan Cultural Center is a registered charity in United States, based in Cary, NC. It received its IRS tax-exemption ruling in June 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 (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, Divan Cultural Center reported income of $489k and spending of $440k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $122k to $489k (+300%), an average of +41% a year. The sharpest change came in the year to December 2022, when income rose by 111%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Divan Cultural Center 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 69th percentile within NC. Charities of a similar size with the same main cause include Josephy Center for Arts and Culture ($489k), National Center for Health Research Incorporated ($489k) and Foundation to Advance Jazz ($489k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.9% of the total. Other salaries and wages came to $158k. At year end it held assets of $727k against liabilities of $85k, net assets of $642k. It reported 3 employees.