Pelham Art Center Inc

Analysis

Pelham Art Center Inc is a registered charity in United States, based in Pelham, NY. It received its IRS tax-exemption ruling in October 1975, 51 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 2023, Pelham Art Center Inc reported income of $753k and spending of $809k, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $596k to $753k (+26%), an average of +6.0% a year. The sharpest change came in the year to June 2023, when income rose by 22%. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Pelham Art Center Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 72nd percentile within NY. Charities of a similar size with the same main cause include European Christmas Market ($753k), The Institute for New Economic Thinking Inc ($753k) and Ballet Quad Cities ($753k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 48% and program service revenue 45% of the total. Other salaries and wages came to $302k. At year end it held assets of $710k against liabilities of $136k, net assets of $574k. It reported 7 employees.