The Classic Center Cultural Foundation Inc

Analysis

The Classic Center Cultural Foundation Inc is a registered charity in United States, based in Athens, GA. It received its IRS tax-exemption ruling in April 2001, 25 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, The Classic Center Cultural Foundation Inc reported income of $1.9m and spending of $902k, leaving 53% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $694k to $1.9m (+179%), an average of +41% a year. The sharpest change came in the year to June 2023, when income rose by 282%. Over the whole period it spent 64% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Classic Center Cultural Foundation Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within GA. Charities of a similar size with the same main cause include Elachee Nature Science Center ($1.9m), Im Ready Foundation Inc ($1.9m) and Clemmons Family Farm ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 14% and program service revenue 77% of the total. At year end it held assets of $3.2m against liabilities of $336k, net assets of $2.8m.