District of Columbia Arts Center Inc

Analysis

District of Columbia Arts Center Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in September 1989, 37 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, District of Columbia Arts Center Inc reported income of $429k and spending of $335k, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $236k to $429k (+82%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 39%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, District of Columbia Arts Center Inc sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 41st percentile within DC. Charities of a similar size with the same main cause include Angelica Cantanti Youth Choirs ($429k), Islamic Academy of Youngstown Corp ($429k) and Wide Rainbow Corp ($429k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $79k (24% of expenses). Other salaries and wages came to $82k. At year end it held assets of $221k against liabilities of $6,272, net assets of $215k. It reported 12 employees.