The Averitt Center for the Arts Inc

Analysis

The Averitt Center for the Arts Inc is a registered charity in United States, based in Statesboro, GA. It received its IRS tax-exemption ruling in August 2002, 24 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, The Averitt Center for the Arts Inc reported income of $1.0m and spending of $1.0m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.1m to $1.0m (-4.1%), an average of -1.0% a year. The sharpest change came in the year to June 2022, when income rose by 61%. Over the whole period it spent 94% 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 Averitt Center for the Arts Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 83rd percentile within GA. Charities of a similar size with the same main cause include Mastermedia International ($1.0m), Outpost Productions Inc ($1.0m) and Newport Beach Independent International Film Festival ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 53% and program service revenue 47% of the total. Other salaries and wages came to $377k. At year end it held assets of $808k against liabilities of $206k, net assets of $601k. It reported 22 employees.