Contemporary Dayton Inc

Analysis

Contemporary Dayton Inc is a registered charity in United States, based in Dayton, OH. It received its IRS tax-exemption ruling in December 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 June 2023, Contemporary Dayton Inc reported income of $574k and spending of $800k, spending 140% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $243k to $574k (+136%), an average of +33% a year. The sharpest change came in the year to June 2021, when income rose by 270%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Contemporary Dayton Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 73rd percentile within OH. Charities of a similar size with the same main cause include Parkersburg Art Center Inc ($574k), Douglas County Veterans Monument Foundation Corp ($574k) and Venice Art Center Inc ($573k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% and program service revenue 1.7% of the total. Other salaries and wages came to $259k. At year end it held assets of $548k against liabilities of $202k, net assets of $346k. It reported 6 employees.