Creative Arts Center of Dallas

Analysis

Creative Arts Center of Dallas is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in January 1966, 60 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 December 2023, Creative Arts Center of Dallas reported income of $871k and spending of $818k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $667k to $871k (+31%), an average of +6.9% a year. The sharpest change came in the year to December 2021, when income rose by 33%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Creative Arts Center of Dallas sits at the 84th percentile: it is larger than about 84% 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 Ak Foundation for Dance Inc ($871k), Artsnow ($871k) and Oregon Institute of Science and Medicine ($871k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $59k (7.3% of expenses). Other salaries and wages came to $172k. At year end it held assets of $607k against liabilities of $492k, net assets of $115k. It reported 7 employees.