Peggy R McConnell Worthington Center for the Arts

Analysis

Peggy R McConnell Worthington Center for the Arts is a registered charity in United States, based in Worthington, OH. It received its IRS tax-exemption ruling in June 2009, 17 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, Peggy R McConnell Worthington Center for the Arts reported income of $869k and spending of $1.1m, spending 123% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $832k to $869k (+4.4%), an average of +1.1% a year. The sharpest change came in the year to June 2022, when income rose by 58%. Over the whole period it spent 120% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Peggy R McConnell Worthington Center for the Arts sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within OH. Charities of a similar size with the same main cause include Capital Community Television Inc ($869k), Brevard Symphony Orchestra Inc ($869k) and Realize Bradenton Inc ($868k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 60% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $83k (7.8% of expenses). Other salaries and wages came to $290k. At year end it held assets of $1.6m against liabilities of $96k, net assets of $1.5m. It reported 10 employees.