Cultural Arts Center Inc

Analysis

Cultural Arts Center Inc is a registered charity in United States, based in Dothan, AL. It received its IRS tax-exemption ruling in August 2006, 20 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 September 2023, Cultural Arts Center Inc reported income of $189k and spending of $199k, spending 105% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $237k to $189k (-20%), an average of -5.4% a year. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cultural Arts Center Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 53rd percentile within AL. Charities of a similar size with the same main cause include Grand Ledge Opera House Authority ($189k), Peripheral Vision PDX ($189k) and BCT Institute for Media Productions Inc ($189k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 65% of the total. Compensation of current officers, directors and key employees was $58k (29% of expenses). Other salaries and wages came to $9,647. At year end it held assets of $154k against liabilities of $4,251, net assets of $150k. It reported 9 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.