Art Central Foundation

Analysis

Art Central Foundation is a registered charity in United States, based in Middletown, OH. It received its IRS tax-exemption ruling in September 2007, 19 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 June 2023, Art Central Foundation reported income of $77k and spending of $105k, spending 136% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income fell from $98k to $77k (-21%), an average of -21% a year. The sharpest change came in the year to June 2023, when income dropped by 21%. Over the whole period it spent 108% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Art Central Foundation sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 31st percentile within OH. Charities of a similar size with the same main cause include Rib Lake Fish & Game Association Inc ($77k), Saugus High School Lacrosse Foundation ($77k) and Miracle League of Joliet ($77k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 47% of the total. At year end it held assets of $85k against liabilities of $8,574, net assets of $76k.