Cultural Activities Center Inc

Analysis

Cultural Activities Center Inc is a registered charity in United States, based in Temple, TX. It received its IRS tax-exemption ruling in July 1958, 68 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, Cultural Activities Center Inc reported income of $909k and spending of $1.0m, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $820k to $909k (+11%), an average of +2.6% a year. The sharpest change came in the year to June 2022, when income rose by 62%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cultural Activities Center Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 82nd percentile within TX. Charities of a similar size with the same main cause include Gyopo ($908k), Cass County North Dakota Historical Society ($909k) and Woodstock School of Art Inc ($908k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 37% and program service revenue 23% of the total. Other salaries and wages came to $366k. At year end it held assets of $4.7m against liabilities of $275k, net assets of $4.4m. It reported 12 employees.