Arts Enter Cape Charles Inc

Analysis

Arts Enter Cape Charles Inc is a registered charity in United States, based in Cape Charles, VA. It received its IRS tax-exemption ruling in March 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 2023, Arts Enter Cape Charles Inc reported income of $240k and spending of $202k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $116k to $240k (+107%), an average of +20% a year. The sharpest change came in the year to December 2022, when income rose by 108%. Over the whole period it spent 76% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Arts Enter Cape Charles Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 57th percentile within VA. Charities of a similar size with the same main cause include Baton Rouge Symphony League Inc ($240k), Friends of the Choral Society Inc ($240k) and Albany Civic Theater Inc ($240k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 64% of the total. At year end it held assets of $213k against liabilities of $45k, net assets of $169k.