Deep Center Incorporated

Analysis

Deep Center Incorporated is a registered charity in United States, based in Savannah, GA. It received its IRS tax-exemption ruling in September 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Deep Center Incorporated reported income of $1.7m and spending of $1.5m, spending 86% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $945k to $1.7m (+84%), an average of +22% a year. The sharpest change came in the year to December 2020, when income rose by 32%. Over the whole period it spent 80% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Deep Center Incorporated sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 87th percentile within GA. Charities of a similar size with the same main cause include Littleton Town Hall Arts Center ($1.7m), KCPT Expansion Supporting Corporation ($1.7m) and Scientific Analysis Corp ($1.7m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $110k (7.3% of expenses). Other salaries and wages came to $776k. It paid $47k in professional fundraising fees. At year end it held assets of $2.2m against liabilities of $930k, net assets of $1.3m. It reported 30 employees.