Culture Works

Analysis

Culture Works is a registered charity in United States, based in Dayton, OH. It received its IRS tax-exemption ruling in November 1974, 52 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 2023, Culture Works reported income of $1.5m and spending of $1.7m, spending 117% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $803k to $1.5m (+85%), an average of +17% a year. The sharpest change came in the year to June 2021, when income rose by 67%. Over the whole period it spent 108% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Culture Works 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 83rd percentile, and in the 83rd percentile within OH. Charities of a similar size with the same main cause include Association of Technology Leaders in Independent Schools ($1.5m), Nickel Plate Heritage Railroad Inc ($1.5m) and Northern Ca Veterans Museum & Heritage Center ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $106k (6.1% of expenses). Other salaries and wages came to $185k. At year end it held assets of $3.2m against liabilities of $554k, net assets of $2.7m. It reported 9 employees.