Center for the Arts Inc

Analysis

Center for the Arts Inc is a registered charity in United States, based in Murfreesboro, TN. It received its IRS tax-exemption ruling in January 2008, 18 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, Center for the Arts Inc reported income of $687k and spending of $875k, spending 127% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $697k to $687k (-1.3%), an average of -0.3% a year. The sharpest change came in the year to December 2021, when income rose by 50%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Center for the Arts Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 77th percentile within TN. Charities of a similar size with the same main cause include Lower Merion Conservancy ($687k), Girls Make Beats Inc ($688k) and Encore Theatre Group ($687k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $89k (10% of expenses). Other salaries and wages came to $265k. At year end it held assets of $931k against liabilities of $85k, net assets of $845k. It reported 39 employees.