Kennedy Heights Art Center

Analysis

Kennedy Heights Art Center is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in June 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, Kennedy Heights Art Center reported income of $1.2m and spending of $962k, leaving 20% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $437k to $1.2m (+176%), an average of +29% a year. The sharpest change came in the year to December 2023, when income rose by 65%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Kennedy Heights Art Center sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within OH. Charities of a similar size with the same main cause include Duluth-Superior Symphony Association ($1.2m), Tournament of Bands Music Festival Inc ($1.2m) and Haha Hehe Global ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $75k (7.8% of expenses). Other salaries and wages came to $283k. At year end it held assets of $1.9m against liabilities of $206k, net assets of $1.7m. It reported 19 employees.