Clay Center for the Arts & Sciences of West Virginia Inc

Analysis

Clay Center for the Arts & Sciences of West Virginia Inc is a registered charity in United States, based in Charleston, WV. It received its IRS tax-exemption ruling in December 1991, 35 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, Clay Center for the Arts & Sciences of West Virginia Inc reported income of $6.5m and spending of $9.6m, spending 147% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $12.4m to $6.5m (-47%), an average of -15% a year. The sharpest change came in the year to June 2020, when income dropped by 56%. Over the whole period it spent 105% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Clay Center for the Arts & Sciences of West Virginia Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within WV. Charities of a similar size with the same main cause include Dayton Society of Natural History Dayton Museum of Natural History ($6.5m), Nashville Ballet ($6.5m) and Exploration Place Inc ($6.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 46% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $530k (5.5% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $104.9m against liabilities of $1.3m, net assets of $103.6m. It reported 74 employees.