Staunton Augusta Art Center Inc

Analysis

Staunton Augusta Art Center Inc is a registered charity in United States, based in Staunton, VA. It received its IRS tax-exemption ruling in July 1966, 60 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, Staunton Augusta Art Center Inc reported income of $204k and spending of $194k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $184k to $204k (+11%), an average of +2.7% a year. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Staunton Augusta Art Center Inc 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 54th percentile within VA. Charities of a similar size with the same main cause include T R C Hall of Fame & Associates Inc ($204k), Trustees of the TW Wood Gallery ($204k) and Pacific Tsunami Museum Inc ($204k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $50k (26% of expenses). Other salaries and wages came to $19k. At year end it held assets of $196k against liabilities of $32k, net assets of $165k. It reported 5 employees.