Zeitgeist Center for Arts and Community

Analysis

Zeitgeist Center for Arts and Community is a registered charity in United States, based in Duluth, MN. It received its IRS tax-exemption ruling in January 2023, 3 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, Zeitgeist Center for Arts and Community reported income of $2.1m and spending of $2.7m, spending 126% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $2.0m to $2.1m (+5.1%), an average of +5.1% a year. Over the whole period it spent 128% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Zeitgeist Center for Arts and Community sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within MN. Charities of a similar size with the same main cause include Monterey Museum of Art ($2.1m), Community Wireless of Park City Inc ($2.1m) and Northern Clay Center ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $76k (2.8% of expenses). Other salaries and wages came to $872k. At year end it held assets of $14.7m against liabilities of $2.0m, net assets of $12.7m. It reported 60 employees.