Valley Art Center Inc

Analysis

Valley Art Center Inc is a registered charity in United States, based in Chagrin Falls, OH. It received its IRS tax-exemption ruling in January 1972, 54 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, Valley Art Center Inc reported income of $693k and spending of $539k, leaving 22% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $346k to $693k (+100%), an average of +26% a year. The sharpest change came in the year to June 2023, when income rose by 48%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Valley Art Center Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within OH. Charities of a similar size with the same main cause include Radio Workshop US Inc ($693k), The Lewes Historical Society ($693k) and Opera Neo ($693k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 44% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $60k (11% of expenses). Other salaries and wages came to $104k. At year end it held assets of $894k against liabilities of $183k, net assets of $711k. It reported 9 employees.