Cultural Arts Center at Glen Allen Foundation

Analysis

Cultural Arts Center at Glen Allen Foundation is a registered charity in United States, based in Glen Allen, VA. It received its IRS tax-exemption ruling in June 1997, 29 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 June 2024, Cultural Arts Center at Glen Allen Foundation reported income of $2.4m and spending of $1.9m, leaving 21% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.6m to $2.4m (+53%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 40%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cultural Arts Center at Glen Allen Foundation sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within VA. Charities of a similar size with the same main cause include Loft Inc ($2.4m), Dogwood Arts Festival Inc ($2.4m) and San Angelo Museum of Fine Arts ($2.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 50% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $148k (7.7% of expenses). Other salaries and wages came to $768k. At year end it held assets of $3.1m against liabilities of $674k, net assets of $2.5m. It reported 39 employees.