Contemporary Art Center of Peoria

Analysis

Contemporary Art Center of Peoria is a registered charity in United States, based in Peoria, IL. It received its IRS tax-exemption ruling in January 1997, 29 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, Contemporary Art Center of Peoria reported income of $362k and spending of $294k, spending 81% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $214k to $362k (+69%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 39%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Contemporary Art Center of Peoria sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within IL. Charities of a similar size with the same main cause include Cleveland School of the Arts Board of Trustees ($362k), Roxy Bremerton ($362k) and Soho Think Tank Inc ($362k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 51% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $51k (17% of expenses). Other salaries and wages came to $36k. At year end it held assets of $390k against liabilities of $42k, net assets of $349k. It reported 3 employees.