Jeanne B McCoy Community Center for the Arts Corporation

Analysis

Jeanne B McCoy Community Center for the Arts Corporation is a registered charity in United States, based in New Albany, OH. It received its IRS tax-exemption ruling in July 2007, 19 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 2023, Jeanne B McCoy Community Center for the Arts Corporation reported income of $1.1m and spending of $970k, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $898k to $1.1m (+25%), an average of +5.8% a year. The sharpest change came in the year to June 2023, when income rose by 35%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Jeanne B McCoy Community Center for the Arts Corporation sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within OH. Charities of a similar size with the same main cause include Pisgah Astronomical Research Institute ($1.1m), Digital Dollar Project Inc ($1.1m) and Sebastopol Center for the Arts ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 48% and program service revenue 51% of the total. Other salaries and wages came to $215k. At year end it held assets of $1.5m against liabilities of $107k, net assets of $1.4m. It reported 23 employees.