Durango Arts Center Inc

Analysis

Durango Arts Center Inc is a registered charity in United States, based in Durango, CO. It received its IRS tax-exemption ruling in May 1973, 53 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, Durango Arts Center Inc reported income of $770k and spending of $857k, spending 111% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $558k to $770k (+38%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 47%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Durango Arts Center Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within CO. Charities of a similar size with the same main cause include Monthaven Arts and Cultural Center ($770k), Lupa Game Farm Inc ($770k) and New Orleans Ballet Inc ($770k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $82k (9.6% of expenses). Other salaries and wages came to $342k. At year end it held assets of $651k against liabilities of $331k, net assets of $320k. It reported 28 employees.