Chestnut Avenue Center for the Arts Inc

Analysis

Chestnut Avenue Center for the Arts Inc is a registered charity in United States, based in Marshfield, WI. It received its IRS tax-exemption ruling in March 2004, 22 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, Chestnut Avenue Center for the Arts Inc reported income of $121k and spending of $122k, spending 101% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $151k to $121k (-20%), an average of -10% a year. The sharpest change came in the year to December 2023, when income dropped by 27%. Over the whole period it spent 110% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Chestnut Avenue Center for the Arts Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 41st percentile within WI. Charities of a similar size with the same main cause include Mohawk Valley Center for the Arts Inc ($121k), Galveston Ballet Inc ($121k) and Gohan Society ($121k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 41% of the total. At year end it held assets of $335k against liabilities of $144k, net assets of $190k.