Art Center

Analysis

Art Center is a registered charity in United States, based in Mount Clemens, MI. It received its IRS tax-exemption ruling in October 1970, 56 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 September 2023, Art Center reported income of $507k and spending of $541k, spending 107% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $430k to $507k (+18%), an average of +4.2% a year. The sharpest change came in the year to September 2021, when income rose by 35%. Over the whole period it spent 109% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Art Center sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within MI. Charities of a similar size with the same main cause include Utah Association of Secondary School Principals ($507k), Technology Student Association ($507k) and Meals on Wheels of Salem County Inc ($507k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 35% and program service revenue 50% of the total. Other salaries and wages came to $176k. At year end it held assets of $1.1m against liabilities of $31k, net assets of $1.1m. It reported 5 employees.