Miller Beach Arts & Creative District CDC

Analysis

Miller Beach Arts & Creative District CDC is a registered charity in United States, based in Gary, IN. It received its IRS tax-exemption ruling in June 2013, 13 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Miller Beach Arts & Creative District CDC reported income of $200k and spending of $173k, spending 86% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $184k to $200k (+8.7%), an average of +1.7% a year. The sharpest change came in the year to June 2023, when income dropped by 100%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Miller Beach Arts & Creative District CDC 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 IN. Charities of a similar size with the same main cause include Heart of America Antique Steam Engine & Model Association ($200k), Sankofa Childrens Museum of African Cultures ($200k) and Fort Dodge Historical Foundation ($200k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 54% and program service revenue 13% of the total. Other salaries and wages came to $15k. At year end it held assets of $255k against liabilities of $75k, net assets of $180k. It reported 1 employees.