The Arts Castle

Analysis

The Arts Castle is a registered charity in United States, based in Delaware, OH. It received its IRS tax-exemption ruling in June 1986, 40 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, The Arts Castle reported income of $355k and spending of $413k, spending 116% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $337k to $355k (+5.3%), an average of +1.3% a year. The sharpest change came in the year to June 2022, when income rose by 93%. Over the whole period it spent 91% 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 Arts Castle sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 64th percentile within OH. Charities of a similar size with the same main cause include Nars Foundation Inc ($355k), Inland Northwest Honor Flight ($355k) and Community Rejuvenation Project Inc ($355k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 33% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $33k (7.9% of expenses). Other salaries and wages came to $94k. At year end it held assets of $682k against liabilities of $50k, net assets of $632k. It reported 9 employees.