Gadsden Cultural Arts Foundation Inc

Analysis

Gadsden Cultural Arts Foundation Inc is a registered charity in United States, based in Gadsden, AL. It received its IRS tax-exemption ruling in May 1986, 40 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, Gadsden Cultural Arts Foundation Inc reported income of $1.6m and spending of $1.7m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.9m to $1.6m (-13%), an average of -3.5% a year. The sharpest change came in the year to December 2021, when income rose by 41%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Gadsden Cultural Arts Foundation Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 88th percentile within AL. Charities of a similar size with the same main cause include Inequality Media ($1.6m), Heritage Services ($1.6m) and Greater Pittsburgh Arts Council ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 53% of the total. At year end it held assets of $3.7m against liabilities of $9,997, net assets of $3.7m. It reported 20 employees.