Arts Center Foundation Inc

Analysis

Arts Center Foundation Inc is a registered charity in United States, based in Dayton, OH. It received its IRS tax-exemption ruling in April 1988, 38 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, Arts Center Foundation Inc reported income of $70k and spending of $2.5m, spending 3530% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $389k to $70k (-82%), an average of -35% a year. The sharpest change came in the year to June 2022, when income dropped by 92%. Over the whole period it spent 622% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Arts Center Foundation Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 28th percentile within OH. Charities of a similar size with the same main cause include Harwich Historical Society ($70k), Los Angeles Chamber Choir Inc ($70k) and People Power Media ($70k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $73.8m against liabilities of $15.7m, net assets of $58.1m.

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.