Centre for Arts & Artists

Analysis

Centre for Arts & Artists is a registered charity in United States, based in Newton, IA. It received its IRS tax-exemption ruling in July 2007, 19 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Centre for Arts & Artists reported income of $156k and spending of $92k, leaving 41% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $87k to $156k (+79%), an average of +22% a year. The sharpest change came in the year to December 2022, when income rose by 29%. Over the whole period it spent 65% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Centre for Arts & Artists sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 48th percentile within IA. Charities of a similar size with the same main cause include Society of Mayflower Descendants in the State of California Inc ($156k), Elizabeth City Downtown a Revital ($156k) and Playhouse Association Incorporated ($156k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% and program service revenue 6.5% of the total. Compensation of current officers, directors and key employees was $9,044 (9.8% of expenses). Other salaries and wages came to $6,411. At year end it held assets of $854k against liabilities of $1,179, net assets of $852k. It reported 3 employees.