Cincinnati Arts Association

Analysis

Cincinnati Arts Association is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in February 1991, 35 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 August 2023, Cincinnati Arts Association reported income of $19.1m and spending of $16.7m, spending 87% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $14.8m to $19.1m (+29%), an average of +6.6% a year. The sharpest change came in the year to August 2022, when income rose by 206%. Over the whole period it spent 81% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cincinnati Arts Association sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within OH. Charities of a similar size with the same main cause include Botanical Research Institute of Texas Inc ($19.0m), Hamilton-Madison House Inc ($19.1m) and Santa Barbara Museum of Art ($19.0m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 12% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $1.2m (7.2% of expenses). Other salaries and wages came to $7.6m. At year end it held assets of $59.6m against liabilities of $7.0m, net assets of $52.6m. It reported 695 employees.