Carnegie Visual Arts Center Inc

Analysis

Carnegie Visual Arts Center Inc is a registered charity in United States, based in Decatur, AL. It received its IRS tax-exemption ruling in November 2004, 22 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 Visual Arts Center Inc reported income of $417k and spending of $490k, spending 118% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $185k to $417k (+126%), an average of +31% a year. The sharpest change came in the year to December 2021, when income rose by 124%. Over the whole period it spent 108% 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 Visual Arts Center Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 70th percentile within AL. Charities of a similar size with the same main cause include Lakota Communications Inc ($417k), Society for Financial Awareness ($417k) and Elys Historic State Theater ($417k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 15% of the total. Other salaries and wages came to $172k. At year end it held assets of $106k against liabilities of $125k, net assets of -$19k. It reported 5 employees.