Williamsburg Contemporary Art Center

Analysis

Williamsburg Contemporary Art Center is a registered charity in United States, based in Williamsburg, VA. It received its IRS tax-exemption ruling in January 1961, 65 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, Williamsburg Contemporary Art Center reported income of $111k and spending of $107k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $127k to $111k (-13%), an average of -13% a year. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Williamsburg Contemporary Art Center sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 39th percentile within VA. Charities of a similar size with the same main cause include Pro-Am Performing Arts Corp ($111k), Varsity Media Foundation ($111k) and Edge Ensemble Theatre Company ($111k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 28% of the total. At year end it held assets of $373k against liabilities of $3,250, net assets of $370k.