Beck Center for the Arts

Analysis

Beck Center for the Arts is a registered charity in United States, based in Lakewood, OH. It received its IRS tax-exemption ruling in February 1945, 81 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 August 2023, Beck Center for the Arts reported income of $4.0m and spending of $3.8m, spending 95% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $3.2m to $4.0m (+23%), an average of +5.4% a year. The sharpest change came in the year to August 2022, when income rose by 98%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Beck Center for the Arts sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within OH. Charities of a similar size with the same main cause include Reut USA ($4.0m), Boston Childrens Chorus Inc ($4.0m) and Monterey Jazz Festival ($4.0m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 59% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $211k (5.6% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $10.4m against liabilities of $2.8m, net assets of $7.6m. It reported 120 employees.