Chapman Cultural Center Inc

Analysis

Chapman Cultural Center Inc is a registered charity in United States, based in Spartanburg, SC. It received its IRS tax-exemption ruling in February 1994, 32 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, Chapman Cultural Center Inc reported income of $2.6m and spending of $3.9m, spending 147% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.2m to $2.6m (-19%), an average of -5.3% a year. The sharpest change came in the year to June 2022, when income rose by 74%. Over the whole period it spent 118% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Chapman Cultural Center Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 91st percentile within SC. Charities of a similar size with the same main cause include George Washington Masonic National Memorial Association Inc ($2.6m), Arts Center ($2.6m) and African Cultural Alliance of North America Inc ($2.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 60% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $140k (3.6% of expenses). Other salaries and wages came to $786k. At year end it held assets of $23.4m against liabilities of $381k, net assets of $23.0m. It reported 28 employees.