Shreveport Multicultural Center Inc

Analysis

Shreveport Multicultural Center Inc is a registered charity in United States, based in Shreveport, LA. It received its IRS tax-exemption ruling in December 1999, 27 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, Shreveport Multicultural Center Inc reported income of $341k and spending of $301k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $291k to $341k (+17%), an average of +4.1% a year. The sharpest change came in the year to December 2023, when income rose by 20%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Shreveport Multicultural Center Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 63rd percentile within LA. Charities of a similar size with the same main cause include Center Stage Inc ($341k), North Carolina Theatre Conference ($341k) and Coffey County Historical Society ($341k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% of the total. Compensation of current officers, directors and key employees was $61k (20% of expenses). Other salaries and wages came to $22k. At year end it held assets of $499k against liabilities of $216k, net assets of $283k. It reported 2 employees.