The Carnegie Visual & Performing Arts Center Inc

Analysis

The Carnegie Visual & Performing Arts Center Inc is a registered charity in United States, based in Covington, KY. It received its IRS tax-exemption ruling in January 1977, 49 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 Carnegie Visual & Performing Arts Center Inc reported income of $1.3m and spending of $1.4m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $1.3m (+16%), an average of +3.9% a year. The sharpest change came in the year to June 2020, when income rose by 62%. Over the whole period it spent 81% 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 Carnegie Visual & Performing Arts Center Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within KY. Charities of a similar size with the same main cause include Ted Williams Museum and Hitters Hall of Fame Inc ($1.3m), Human Energy Inc ($1.3m) and Crown Hill Heritage Foundation Inc ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 39% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $127k (9.1% of expenses). Other salaries and wages came to $275k. At year end it held assets of $3.6m against liabilities of $34k, net assets of $3.5m. It reported 13 employees.