Carnegie Cultural Center

Analysis

Carnegie Cultural Center is a registered charity in United States, based in New Hampton, IA. It received its IRS tax-exemption ruling in April 1997, 29 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, Carnegie Cultural Center reported income of $74k and spending of $58k, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $99k to $74k (-25%), an average of -7.0% a year. The sharpest change came in the year to December 2022, when income dropped by 52%. Over the whole period it spent 57% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Carnegie Cultural Center sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 27th percentile within IA. Charities of a similar size with the same main cause include Kansas City St Patricks Day Parade Committee Inc ($74k), TWS Foundation ($74k) and Preserve Mecklenburg Inc ($74k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. Other salaries and wages came to $33k. At year end it held assets of $800k against liabilities of $0, net assets of $800k. It reported 5 employees.