Parkersburg Art Center Inc

Analysis

Parkersburg Art Center Inc is a registered charity in United States, based in Parkersburg, WV. It received its IRS tax-exemption ruling in January 1965, 61 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 June 2023, Parkersburg Art Center Inc reported income of $574k and spending of $590k, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $470k to $574k (+22%), an average of +5.1% a year. The sharpest change came in the year to June 2021, when income rose by 77%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Parkersburg Art Center Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 70th percentile within WV. Charities of a similar size with the same main cause include Venice Art Center Inc ($573k), Contemporary Dayton Inc ($574k) and Visceral Dance Chicago NFP ($573k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 43% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $102k (17% of expenses). Other salaries and wages came to $230k. At year end it held assets of $2.9m against liabilities of $16k, net assets of $2.9m. It reported 18 employees.