Arts Center Association Inc

Analysis

Arts Center Association Inc is a registered charity in United States, based in St Petersburg, FL. It received its IRS tax-exemption ruling in January 1966, 60 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Arts Center Association Inc reported income of $3.0m and spending of $2.4m, spending 81% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.4m to $3.0m (+25%), an average of +7.8% a year. The sharpest change came in the year to June 2022, when income rose by 79%. Over the whole period it spent 80% 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 Association Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within FL. Charities of a similar size with the same main cause include Its My Community Initiative ($3.0m), Positive Futures Network ($3.0m) and Virginia Museum of Contemporary Art ($3.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 19% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $174k (7.1% of expenses). Other salaries and wages came to $599k. At year end it held assets of $16.7m against liabilities of $3.7m, net assets of $13.0m. It reported 33 employees.