Pierce Center for Arts and Technology

Analysis

Pierce Center for Arts and Technology is a registered charity in United States, based in Tacoma, WA. It received its IRS tax-exemption ruling in March 2017, 9 years ago. 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, Pierce Center for Arts and Technology reported income of $208k and spending of $327k, spending 157% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $202k to $208k (+3.1%), an average of +1.5% a year. The sharpest change came in the year to December 2022, when income rose by 16%. Over the whole period it spent 124% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Pierce Center for Arts and Technology sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 52nd percentile within WA. Charities of a similar size with the same main cause include Eastern Maine Community College Foundation ($208k), City of Light Performing Arts ($208k) and Greater Harrington Historical Society ($208k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $96k (29% of expenses). At year end it held assets of $85k against liabilities of $240k, net assets of -$155k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.