Collingwood Arts Center Inc

Analysis

Collingwood Arts Center Inc is a registered charity in United States, based in Toledo, OH. It received its IRS tax-exemption ruling in June 2014, 12 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, Collingwood Arts Center Inc reported income of $243k and spending of $242k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $198k to $243k (+23%), an average of +5.3% a year. The sharpest change came in the year to December 2021, when income rose by 22%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Collingwood Arts Center Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 58th percentile within OH. Charities of a similar size with the same main cause include Christian Education Enterprises Incorporated ($243k), Quinebaug Valley Engineers Association Edge & Ta Branch 5 Inc ($243k) and Kansas City Artists Coalition ($243k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 86% of the total. Other salaries and wages came to $78k. At year end it held assets of $484k against liabilities of $6,896, net assets of $477k. It reported 4 employees.