Buchanan Center for the Arts

Analysis

Buchanan Center for the Arts is a registered charity in United States, based in Monmouth, IL. It received its IRS tax-exemption ruling in May 1990, 36 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, Buchanan Center for the Arts reported income of $443k and spending of $264k, leaving 40% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $190k to $443k (+134%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 84%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Buchanan Center for the Arts sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within IL. Charities of a similar size with the same main cause include The Big House Foundation Inc ($443k), First Voice Inc ($443k) and A Red Orchid Theatre ($443k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 6.4% of the total. Other salaries and wages came to $104k. At year end it held assets of $1.6m against liabilities of $1,266, net assets of $1.6m. It reported 4 employees.