Carnegie Arts Center Inc

Analysis

Carnegie Arts Center Inc is a registered charity in United States, based in Alliance, NE. It received its IRS tax-exemption ruling in October 1986, 40 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 October 2023, Carnegie Arts Center Inc reported income of $113k and spending of $127k, spending 113% of what it took in. Across the 5 years on record, from October 2019 to October 2023, income fell from $144k to $113k (-22%), an average of -5.9% a year. Over the whole period it spent 79% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Carnegie Arts Center Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 38th percentile within NE. Charities of a similar size with the same main cause include Arizona Archaeological and Historical Society ($113k), Vahan Mirakian Foundation Inc ($113k) and Esm Music Booster Inc ($113k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 70% of the total. Other salaries and wages came to $64k. At year end it held assets of $1.2m against liabilities of $2,425, net assets of $1.2m. It reported 7 employees.