Friends of the Cultural Arts Center

Analysis

Friends of the Cultural Arts Center is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in April 1990, 36 years ago. 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, Friends of the Cultural Arts Center reported income of $149k and spending of $118k, leaving 21% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $106k to $149k (+40%), an average of +40% a year. The sharpest change came in the year to December 2023, when income rose by 40%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of the Cultural Arts Center sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 47th percentile within OH. Charities of a similar size with the same main cause include Little League Baseball Inc ($149k), Congregational Health and Education Network ($149k) and World Darts Federation ($149k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 61% of the total. At year end it held assets of $336k against liabilities of $1,298, net assets of $335k.