Thelma Sadoff Center for the Arts Inc

Analysis

Thelma Sadoff Center for the Arts Inc is a registered charity in United States, based in Fond du Lac, WI. It received its IRS tax-exemption ruling in October 1995, 31 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, Thelma Sadoff Center for the Arts Inc reported income of $689k and spending of $1.1m, spending 153% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $689k (-38%), an average of -11% a year. The sharpest change came in the year to December 2020, when income dropped by 35%. Over the whole period it spent 124% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Thelma Sadoff Center for the Arts Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within WI. Charities of a similar size with the same main cause include Annapolis Film Festival Inc ($689k), Arm of Hope ($690k) and The Thriving Cities Group ($689k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $82k (7.7% of expenses). Other salaries and wages came to $314k. At year end it held assets of $4.9m against liabilities of $96k, net assets of $4.8m. It reported 46 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.