Kerr Arts & Cultural Center Inc

Analysis

Kerr Arts & Cultural Center Inc is a registered charity in United States, based in Kerrville, TX. It received its IRS tax-exemption ruling in March 1997, 29 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, Kerr Arts & Cultural Center Inc reported income of $161k and spending of $251k, spending 156% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $189k to $161k (-15%), an average of -4.0% a year. The sharpest change came in the year to December 2023, when income dropped by 47%. Over the whole period it spent 115% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Kerr Arts & Cultural Center Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 52nd percentile within TX. Charities of a similar size with the same main cause include Wayne County Sheriffs Youth Education Fund ($161k), New Canaan Chamber Music Inc ($161k) and Kaufherr Rescource Center ($161k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 31% and program service revenue 35% of the total. Other salaries and wages came to $25k. At year end it held assets of $691k against liabilities of $27k, net assets of $663k. It reported 5 employees.