Suffolk Center for Cultural Arts Foundation

Analysis

Suffolk Center for Cultural Arts Foundation is a registered charity in United States, based in Suffolk, VA. It received its IRS tax-exemption ruling in February 2002, 24 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 2023, Suffolk Center for Cultural Arts Foundation reported income of $2.1m and spending of $2.0m, spending 93% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.6m to $2.1m (+31%), an average of +9.4% a year. The sharpest change came in the year to June 2022, when income rose by 103%. Over the whole period it spent 78% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Suffolk Center for Cultural Arts Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within VA. Charities of a similar size with the same main cause include Metropolitan Arts Council of Greater Kansas City ($2.1m), National Latino Behavioral Health Association ($2.1m) and Sculpture Center Inc ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 73% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $83k (4.2% of expenses). Other salaries and wages came to $516k. It paid $53k in professional fundraising fees. At year end it held assets of $18.7m against liabilities of $216k, net assets of $18.5m. It reported 36 employees.