Center for Contemporary Arts

Analysis

Center for Contemporary Arts is a registered charity in United States, based in Abilene, TX. It received its IRS tax-exemption ruling in October 1989, 37 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Center for Contemporary Arts reported income of $346k and spending of $353k, spending 102% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $245k to $346k (+41%), an average of +9.0% a year. The sharpest change came in the year to September 2020, when income rose by 30%. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Center for Contemporary Arts 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 69th percentile within TX. Charities of a similar size with the same main cause include Economic Club of Minnesota ($346k), Carolina Voices Inc ($346k) and Musiqa ($346k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 71% and program service revenue 7.6% of the total. Compensation of current officers, directors and key employees was $66k (19% of expenses). Other salaries and wages came to $78k. At year end it held assets of $750k against liabilities of $33k, net assets of $717k. It reported 11 employees.