Art Community Center of Corpus Christi Inc

Analysis

Art Community Center of Corpus Christi Inc is a registered charity in United States, based in Corpus Christi, TX. It received its IRS tax-exemption ruling in November 1974, 52 years ago. 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 December 2023, Art Community Center of Corpus Christi Inc reported income of $1.1m and spending of $802k, leaving 26% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $547k to $1.1m (+97%), an average of +15% a year. The sharpest change came in the year to December 2022, when income rose by 292%. Over the whole period it spent 68% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Art Community Center of Corpus Christi Inc sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 84th percentile within TX. Charities of a similar size with the same main cause include Lake Area Industries Inc ($1.1m), Northcentral Technical College Foundation Inc ($1.1m) and University of South Alabama General Liability Program ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 19% of the total. Other salaries and wages came to $316k. At year end it held assets of $5.3m against liabilities of $8,735, net assets of $5.3m. It reported 24 employees.