Fitton Center for Creative Arts

Analysis

Fitton Center for Creative Arts is a registered charity in United States, based in Hamilton, OH. It received its IRS tax-exemption ruling in July 1968, 58 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 June 2023, Fitton Center for Creative Arts reported income of $2.1m and spending of $1.5m, leaving 26% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.9m to $2.1m (+8.6%), an average of +2.1% a year. The sharpest change came in the year to June 2023, when income rose by 49%. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Fitton Center for Creative Arts sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within OH. Charities of a similar size with the same main cause include Great American Songbook Foundation Inc ($2.1m), New Music USA Inc ($2.1m) and Billie Holiday Theatre Incorporated ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $164k (11% of expenses). Other salaries and wages came to $574k. At year end it held assets of $4.3m against liabilities of $25k, net assets of $4.2m. It reported 67 employees.