Conneaut Arts Center

Analysis

Conneaut Arts Center is a registered charity in United States, based in Conneaut, OH. It received its IRS tax-exemption ruling in December 1976, 50 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 December 2023, Conneaut Arts Center reported income of $138k and spending of $157k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $119k to $138k (+16%), an average of +3.8% a year. The sharpest change came in the year to December 2021, when income rose by 221%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Conneaut Arts Center sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 45th percentile within OH. Charities of a similar size with the same main cause include Oakland Pride Inc ($138k), National Association of Chinese Americans ($138k) and Pittsburgh Public Media ($138k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 58% of the total. Other salaries and wages came to $49k. At year end it held assets of $453k against liabilities of $9,731, net assets of $443k. It reported 8 employees.