Ashtabula Arts Center

Analysis

Ashtabula Arts Center is a registered charity in United States, based in Ashtabula, OH. It received its IRS tax-exemption ruling in May 1970, 56 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 2024, Ashtabula Arts Center reported income of $1.1m and spending of $1.1m, spending 98% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $696k to $1.1m (+54%), an average of +9.1% a year. The sharpest change came in the year to June 2022, when income rose by 52%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ashtabula Arts Center sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within OH. Charities of a similar size with the same main cause include The Pharmacy Gallery & Art Space Inc ($1.1m), Detroit Chamber Winds ($1.1m) and California Bluegrass Asso ($1.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 56% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $64k (6.1% of expenses). Other salaries and wages came to $323k. At year end it held assets of $1.2m against liabilities of $58k, net assets of $1.1m. It reported 15 employees.