Donauschwabens German American Cultural Center Inc

Analysis

Donauschwabens German American Cultural Center Inc is a registered charity in United States, based in Olmsted TWP, OH. It received its IRS tax-exemption ruling in February 1982, 44 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, Donauschwabens German American Cultural Center Inc reported income of $557k and spending of $731k, spending 131% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $314k to $557k (+78%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 121%. Over the whole period it spent 151% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Donauschwabens German American Cultural Center Inc sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within OH. Charities of a similar size with the same main cause include Audacity Performing Arts Project Inc ($557k), Asian Pacific Islander Cultural Center ($557k) and Mudlark Theater Company ($557k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $125k (17% of expenses). Other salaries and wages came to $94k. At year end it held assets of $987k against liabilities of $188k, net assets of $798k. It reported 23 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.