Atlantic Center for the Arts Inc

Analysis

Atlantic Center for the Arts Inc is a registered charity in United States, based in New Smyrna, FL. It received its IRS tax-exemption ruling in August 1980, 46 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 December 2023, Atlantic Center for the Arts Inc reported income of $1.1m and spending of $1.8m, spending 169% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.2m to $1.1m (-11%), an average of -2.8% a year. The sharpest change came in the year to December 2021, when income rose by 33%. Over the whole period it spent 119% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Atlantic 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 80th percentile, and in the 82nd percentile within FL. Charities of a similar size with the same main cause include Jackson School of the Arts Association ($1.1m), Walter Anderson Museum of Art Incorporated ($1.1m) and Timpanogos Arts Foundation ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 25% of the total. Other salaries and wages came to $713k. At year end it held assets of $7.7m against liabilities of $230k, net assets of $7.5m. It reported 19 employees.