Paint Creek Center for the Arts

Analysis

Paint Creek Center for the Arts is a registered charity in United States, based in Rochester, MI. It received its IRS tax-exemption ruling in September 1982, 44 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 2023, Paint Creek Center for the Arts reported income of $763k and spending of $706k, spending 93% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $714k to $763k (+6.9%), an average of +2.3% a year. The sharpest change came in the year to June 2022, when income rose by 100%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Paint Creek Center for the Arts sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within MI. Charities of a similar size with the same main cause include Danvers Historical Society Glen Magna ($763k), Packet Clearing House Inc ($764k) and Friends of the Felt Estate ($763k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 37% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $88k (12% of expenses). Other salaries and wages came to $156k. At year end it held assets of $873k against liabilities of $269k, net assets of $604k. It reported 7 employees.