Carnegie Center Council for the Arts Inc

Analysis

Carnegie Center Council for the Arts Inc is a registered charity in United States, based in Three Rivers, MI. It received its IRS tax-exemption ruling in January 1985, 41 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Carnegie Center Council for the Arts Inc reported income of $79k and spending of $149k, spending 188% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $134k to $79k (-41%), an average of -12% a year. The sharpest change came in the year to September 2020, when income rose by 655%. Over the whole period it spent 48% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Carnegie Center Council for the Arts Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 30th percentile within MI. Charities of a similar size with the same main cause include Aenon International ($79k), Eisenhower Choir Boosters Inc ($79k) and The National Society of Colonial Dames in the State of Rhode Island ($79k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 85% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $42k (29% of expenses). Other salaries and wages came to $1,223. At year end it held assets of $1.2m against liabilities of $1,133, net assets of $1.2m. It reported 4 employees.