Ashtabula Arts Center Foundation

Analysis

Ashtabula Arts Center Foundation is a registered charity in United States, based in Brooklyn, OH. It received its IRS tax-exemption ruling in April 1976, 50 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ashtabula Arts Center Foundation reported income of $361k and spending of $118k, leaving 67% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $116k to $361k (+211%), an average of +33% a year. The sharpest change came in the year to December 2023, when income rose by 188%. Over the whole period it spent 70% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ashtabula Arts Center Foundation sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within OH. Charities of a similar size with the same main cause include Kentucky Senior Citizens Apartments Inc ($361k), Unlimited Alternatives ($361k) and PTA California Congress of Parents Teachers & Students Inc ($361k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% of the total. Compensation of current officers, directors and key employees was $17k (14% of expenses). At year end it held assets of $1.8m against liabilities of $0, net assets of $1.8m.