Fort Smith Art Center Inc

Analysis

Fort Smith Art Center Inc is a registered charity in United States, based in Fort Smith, AR. It received its IRS tax-exemption ruling in November 1959, 67 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, Fort Smith Art Center Inc reported income of $851k and spending of $983k, spending 116% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $586k to $851k (+45%), an average of +9.8% a year. The sharpest change came in the year to June 2022, when income rose by 104%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Fort Smith Art Center Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within AR. Charities of a similar size with the same main cause include Oss Society Inc ($851k), Family and Youth Institute Ofmichigan ($851k) and Central Arts Alliance ($851k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% and program service revenue 13% of the total. Other salaries and wages came to $362k. At year end it held assets of $4.6m against liabilities of $19k, net assets of $4.6m. It reported 8 employees.