Center for Visual Artists Greensboro Inc

Analysis

Center for Visual Artists Greensboro Inc is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in May 1967, 59 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, Center for Visual Artists Greensboro Inc reported income of $287k and spending of $285k, spending 99% of its income. Across the 5 years on record, from March 2020 to December 2023, income grew from $216k to $287k (+33%), an average of +7.3% a year. The sharpest change came in the year to March 2022, when income rose by 126%. Over the whole period it spent 112% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Center for Visual Artists Greensboro Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 59th percentile within NC. Charities of a similar size with the same main cause include Ca Historic Route 66 Museum Inc ($287k), Public Media Connect ($287k) and Abhinaya Dance Company of San Jose Inc ($287k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $36k (13% of expenses). Other salaries and wages came to $56k. At year end it held assets of $37k against liabilities of $12k, net assets of $25k. It reported 10 employees.