The Nnamdi Center for Contemporary Art

Analysis

The Nnamdi Center for Contemporary Art is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in September 2016, 10 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, The Nnamdi Center for Contemporary Art reported income of $415k and spending of $406k, spending 98% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $176k to $415k (+136%), an average of +33% a year. The sharpest change came in the year to December 2020, when income rose by 59%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Nnamdi Center for Contemporary Art sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within MI. Charities of a similar size with the same main cause include 24 Hour Company ($415k), Cayuga Museum ($415k) and Mondo Bizarro Productions ($415k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 85% of the total. Other salaries and wages came to $82k. At year end it held assets of $51k against liabilities of $33k, net assets of $19k. It reported 1 employees.