Foundation for Arts and Cultural Connections Inc

Analysis

Foundation for Arts and Cultural Connections Inc is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in May 2014, 12 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 December 2023, Foundation for Arts and Cultural Connections Inc reported income of $382k and spending of $380k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $411k to $382k (-7.1%), an average of -1.8% a year. The sharpest change came in the year to December 2021, when income rose by 102%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Foundation for Arts and Cultural Connections Inc sits at the 73rd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 68th percentile within AL. Charities of a similar size with the same main cause include Lucas Theatre for the Arts Inc ($382k), Grand Foundation ($382k) and Arizona Local Post ($382k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 74% of the total. At year end it held assets of $149k against liabilities of $0, net assets of $149k.