Winston-Salem Center for Education and the Arts

Analysis

Winston-Salem Center for Education and the Arts is a registered charity in United States, based in Winston Salem, NC. It received its IRS tax-exemption ruling in October 2010, 16 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 2024, Winston-Salem Center for Education and the Arts reported income of $250k and spending of $87k, leaving 65% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $100k to $250k (+150%), an average of +26% a year. The sharpest change came in the year to June 2024, when income rose by 157%. Over the whole period it spent 62% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Winston-Salem Center for Education and the Arts sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within NC. Charities of a similar size with the same main cause include Main Street Texarkana ($250k), St Albert Trust ($250k) and Golden Path ($250k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 84% and program service revenue 14% of the total. At year end it held assets of $1.5m against liabilities of $0, net assets of $1.5m.