Clay Art Center Inc

Analysis

Clay Art Center Inc is a registered charity in United States, based in Port Chester, NY. It received its IRS tax-exemption ruling in October 2007, 19 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 August 2023, Clay Art Center Inc reported income of $1.8m and spending of $1.5m, spending 86% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.1m to $1.8m (+56%), an average of +12% a year. The sharpest change came in the year to August 2021, when income rose by 49%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Clay Art Center Inc sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 81st percentile within NY. Charities of a similar size with the same main cause include Hagerstown Aviation Museum Inc ($1.8m), Museum of Wisconsin Art Inc ($1.8m) and Central Terminal Restoration Corp ($1.8m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 37% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $106k (7.0% of expenses). Other salaries and wages came to $469k. At year end it held assets of $1.8m against liabilities of $885k, net assets of $929k. It reported 14 employees.