Capitol Center for the Arts

Analysis

Capitol Center for the Arts is a registered charity in United States, based in Concord, NH. It received its IRS tax-exemption ruling in March 1992, 34 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 July 2023, Capitol Center for the Arts reported income of $4.8m and spending of $5.7m, spending 118% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income grew from $4.8m to $4.8m (+0.3%), an average of +0.1% a year. The sharpest change came in the year to July 2022, when income rose by 61%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Capitol Center for the Arts sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within NH. Charities of a similar size with the same main cause include Washington Performing Arts Society ($4.8m), GPS Education Partners Inc ($4.8m) and Cultural Alliance of Medfield ($4.8m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 15% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $188k (3.3% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $12.7m against liabilities of $2.8m, net assets of $9.9m. It reported 126 employees.