The Center for Emerging Visual Artists Ltd

Analysis

The Center for Emerging Visual Artists Ltd is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in November 1983, 43 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 June 2023, The Center for Emerging Visual Artists Ltd reported income of $413k and spending of $406k, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $403k to $413k (+2.5%), an average of +0.6% a year. The sharpest change came in the year to June 2023, when income rose by 76%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Center for Emerging Visual Artists Ltd sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 65th percentile within PA. Charities of a similar size with the same main cause include Washington County Historical Society ($413k), Martin Centre Preservation Company Inc ($413k) and Connecticut Academy of Science and Engineering Incorporated ($413k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 54% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $191k (47% of expenses). Other salaries and wages came to $40k. At year end it held assets of $453k against liabilities of $78k, net assets of $376k. It reported 3 employees.