Virginia Center for the Creative Arts

Analysis

Virginia Center for the Creative Arts is a registered charity in United States, based in Amherst, VA. It received its IRS tax-exemption ruling in November 1971, 55 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 2024, Virginia Center for the Creative Arts reported income of $1.5m and spending of $1.7m, spending 112% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.4m to $1.5m (+7.9%), an average of +1.5% a year. The sharpest change came in the year to June 2020, when income rose by 192%. Over the whole period it spent 67% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Virginia Center for the Creative Arts sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within VA. Charities of a similar size with the same main cause include Israelnow Education Foundation ($1.5m), Houston Center for Contemporary Craft ($1.5m) and Ethics Resource Center Inc ($1.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 45% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $139k (8.1% of expenses). Other salaries and wages came to $512k. At year end it held assets of $9.1m against liabilities of $168k, net assets of $8.9m. It reported 19 employees.