Fairmount Center for Creative & Performing Arts Inc

Analysis

Fairmount Center for Creative & Performing Arts Inc is a registered charity in United States, based in Novelty, OH. It received its IRS tax-exemption ruling in December 1972, 54 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Fairmount Center for Creative & Performing Arts Inc reported income of $753k and spending of $754k, spending 100% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $720k to $753k (+4.6%), an average of +1.1% a year. The sharpest change came in the year to August 2020, when income dropped by 24%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fairmount Center for Creative & Performing Arts Inc 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 76th percentile, and in the 76th percentile within OH. Charities of a similar size with the same main cause include Service League of Greenville Inc ($753k), John T Waterhouse Share No 3 Trust ($754k) and Friends in Deed ($753k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 45% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $100k (13% of expenses). Other salaries and wages came to $394k. At year end it held assets of $461k against liabilities of $95k, net assets of $366k. It reported 12 employees.