The Art Center Cooperative Inc

Analysis

The Art Center Cooperative Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in September 2007, 19 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, The Art Center Cooperative Inc reported income of $102k and spending of $98k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $125k to $102k (-19%), an average of -19% a year. The sharpest change came in the year to December 2023, when income dropped by 19%. 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, The Art Center Cooperative Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 41st percentile within FL. Charities of a similar size with the same main cause include Tribeca New Music Inc ($102k), Seguin Art League ($102k) and Pikes Peak Writers ($102k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 22% and program service revenue 54% of the total. At year end it held assets of $15k against liabilities of $0, net assets of $15k.