Contemporary Arts Center

Analysis

Contemporary Arts Center is a registered charity in United States, based in New Orleans, LA. 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, Contemporary Arts Center reported income of $2.1m and spending of $2.3m, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.3m to $2.1m (-38%), an average of -11% a year. The sharpest change came in the year to June 2023, when income dropped by 32%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Contemporary Arts Center sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within LA. Charities of a similar size with the same main cause include Sandy Arts Guild ($2.1m), Women in Dso Inc ($2.1m) and Thomas S Kenan Institute for the Arts Supporting Organization ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 24% and program service revenue 2.8% of the total. Other salaries and wages came to $737k. At year end it held assets of $8.7m against liabilities of $835k, net assets of $7.9m. It reported 20 employees.