Atlanta Artists Center Inc

Analysis

Atlanta Artists Center Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in September 1969, 57 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, Atlanta Artists Center Inc reported income of $74k and spending of $76k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $113k to $74k (-34%), an average of -34% a year. The sharpest change came in the year to December 2023, when income dropped by 34%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Atlanta Artists Center Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 30th percentile within GA. Charities of a similar size with the same main cause include Union Corporation for Better Housing ($74k), Citylight ($74k) and The Jackson Band Booster Club ($74k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 52% of the total. At year end it held assets of $230k against liabilities of $2,307, net assets of $227k.