Center for the Visual Arts Inc

Analysis

Center for the Visual Arts Inc is a registered charity in United States, based in Wausau, WI. It received its IRS tax-exemption ruling in February 1984, 42 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 school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Center for the Visual Arts Inc reported income of $199k and spending of $200k, spending 101% of its income. Across the 3 years on record, from September 2019 to September 2023, income grew from $167k to $199k (+19%), an average of +9.1% a year. The sharpest change came in the year to September 2022, when income rose by 15%. Over the whole period it spent 105% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Center for the Visual Arts Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 53rd percentile within WI. Charities of a similar size with the same main cause include Boulder School for German Language and Culture ($199k), Dance Up ($199k) and Roman Susan Art Foundation NFP ($199k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 45% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $40k (20% of expenses). Other salaries and wages came to $77k. At year end it held assets of $348k against liabilities of $174, net assets of $348k. It reported 6 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.