Colonial Center

Analysis

Colonial Center is a registered charity in United States, based in South Hill, VA. It received its IRS tax-exemption ruling in March 2022, 4 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, Colonial Center reported income of $196k and spending of $411k, spending 209% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $4.7m to $196k (-96%), an average of -80% a year. The sharpest change came in the year to December 2022, when income dropped by 94%. Over the whole period it spent 20% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Colonial Center sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 53rd percentile within VA. Charities of a similar size with the same main cause include Jump Start Performance Company ($196k), Route 66 the Road Ahead Initiative NFP ($196k) and Masquers Playhouse Inc ($196k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 32% of the total. Other salaries and wages came to $152k. At year end it held assets of $4.2m against liabilities of $4,292, net assets of $4.2m. It reported 6 employees.