Pomerene Center for the Arts Inc

Analysis

Pomerene Center for the Arts Inc is a registered charity in United States, based in Coshocton, OH. It received its IRS tax-exemption ruling in January 1985, 41 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, Pomerene Center for the Arts Inc reported income of $64k and spending of $103k, spending 161% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $140k to $64k (-54%), an average of -18% a year. The sharpest change came in the year to June 2021, when income dropped by 54%. Over the whole period it spent 116% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Pomerene Center for the Arts Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 26th percentile within OH. Charities of a similar size with the same main cause include Heritage Arts and Science Center Inc ($64k), Bakken Trio ($64k) and Narberth Community Theatre ($64k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 138% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $18k (17% of expenses). Other salaries and wages came to $2,168. At year end it held assets of $407k against liabilities of $806, net assets of $407k. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.