Chester County Art Association

Analysis

Chester County Art Association is a registered charity in United States, based in West Chester, PA. It received its IRS tax-exemption ruling in October 1950, 76 years ago. 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, Chester County Art Association reported income of $485k and spending of $468k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $569k to $485k (-15%), an average of -3.9% a year. The sharpest change came in the year to December 2020, when income dropped by 54%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Chester County Art Association sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 68th percentile within PA. Charities of a similar size with the same main cause include Seeds Family Worship Inc ($484k), Hardwick Emergency Rescue Squad Inc ($485k) and Mountain View Prevention Services ($484k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $45k (9.5% of expenses). Other salaries and wages came to $38k. At year end it held assets of $2.1m against liabilities of $80k, net assets of $2.0m. It reported 4 employees.