Community Arts Center Foundation

Analysis

Community Arts Center Foundation is a registered charity in United States, based in South Boston, VA. It received its IRS tax-exemption ruling in April 1998, 28 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 2022, Community Arts Center Foundation reported income of $458k and spending of $469k, spending 102% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $392k to $458k (+17%), an average of +5.3% a year. The sharpest change came in the year to December 2021, when income rose by 140%. Over the whole period it spent 81% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Community Arts Center Foundation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within VA. Charities of a similar size with the same main cause include Arts in Reach-Encouraging Growth Through the Arts ($458k), Watonwan County Historical Society ($458k) and Living Walls - the City Speaks Incorporated ($458k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 55% and program service revenue 45% of the total. Other salaries and wages came to $167k. At year end it held assets of $476k against liabilities of $9,065, net assets of $467k. It reported 5 employees.