Aiken Center for the Arts Inc

Analysis

Aiken Center for the Arts Inc is a registered charity in United States, based in Aiken, SC. It received its IRS tax-exemption ruling in October 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 June 2024, Aiken Center for the Arts Inc reported income of $602k and spending of $579k, spending 96% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $427k to $602k (+41%), an average of +9.0% a year. The sharpest change came in the year to June 2021, when income rose by 42%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Aiken Center for the Arts Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 77th percentile within SC. Charities of a similar size with the same main cause include The Jersey Surf a New Jersey Non-Profit Corporation ($602k), Souls Grown Deep Foundation Inc ($602k) and Building Community in New Hampshire ($602k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 35% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $101k (17% of expenses). Other salaries and wages came to $139k. At year end it held assets of $1.3m against liabilities of $27k, net assets of $1.2m. It reported 12 employees.