Arts Center of Coastal Carolina

Analysis

Arts Center of Coastal Carolina is a registered charity in United States, based in Hilton Head, SC. It received its IRS tax-exemption ruling in March 1996, 30 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 August 2023, Arts Center of Coastal Carolina reported income of $4.8m and spending of $5.2m, spending 108% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $4.8m to $4.8m (+0.8%), an average of +0.2% a year. The sharpest change came in the year to August 2021, when income rose by 33%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Arts Center of Coastal Carolina sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 94th percentile within SC. Charities of a similar size with the same main cause include City Access New York ($4.8m), Grand Rapids Art Museum ($4.8m) and Harry M Cornell Arts & Entertainment Complex ($4.8m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 35% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $137k (2.6% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $9.4m against liabilities of $3.3m, net assets of $6.1m. It reported 165 employees.