Flint Cultural Center Corporation Inc

Analysis

Flint Cultural Center Corporation Inc is a registered charity in United States, based in Flint, MI. It received its IRS tax-exemption ruling in July 1959, 67 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, Flint Cultural Center Corporation Inc reported income of $13.7m and spending of $17.3m, spending 126% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $41.0m to $13.7m (-67%), an average of -24% a year. The sharpest change came in the year to June 2022, when income dropped by 41%. Over the whole period it spent 67% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Flint Cultural Center Corporation Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within MI. Charities of a similar size with the same main cause include American Radio Relay League Inc ($13.7m), Discovery Science Center of Orange County ($13.7m) and Geffen Playhouse Inc ($13.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 41% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $513k (3.0% of expenses). Other salaries and wages came to $4.1m. At year end it held assets of $69.4m against liabilities of $1.7m, net assets of $67.7m. It reported 191 employees.