Abington Art Center Inc

Analysis

Abington Art Center Inc is a registered charity in United States, based in Jenkintown, PA. It received its IRS tax-exemption ruling in July 1967, 59 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 December 2023, Abington Art Center Inc reported income of $391k and spending of $450k, spending 115% of what it took in. Across the 6 years on record, from May 2019 to December 2023, income fell from $433k to $391k (-9.7%), an average of -2.0% a year. The sharpest change came in the year to May 2022, when income rose by 208%. Over the whole period it spent 115% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Abington Art Center Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 64th percentile within PA. Charities of a similar size with the same main cause include Bangladesh Institute of Performing Arts Inc ($391k), Santa Monica Theatre Guild ($391k) and Center Grove Trojan Band Boosters I NC ($391k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 81% of the total. Other salaries and wages came to $178k. At year end it held assets of $1.4m against liabilities of $627k, net assets of $820k. It reported 18 employees.