Erie Center for Arts and Technology Inc

Analysis

Erie Center for Arts and Technology Inc is a registered charity in United States, based in Erie, PA. It received its IRS tax-exemption ruling in November 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Erie Center for Arts and Technology Inc reported income of $1.0m and spending of $1.2m, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.2m to $1.0m (-12%), an average of -3.1% a year. The sharpest change came in the year to December 2022, when income rose by 125%. Over the whole period it spent 75% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Erie Center for Arts and Technology Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 78th percentile within PA. Charities of a similar size with the same main cause include Better Future Forward Inc ($1.0m), Raritan Valley Community College Foundation ($1.0m) and Upper Moreland Free Public Library ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% of the total. Compensation of current officers, directors and key employees was $63k (5.1% of expenses). Other salaries and wages came to $406k. At year end it held assets of $8.3m against liabilities of $6.4m, net assets of $1.9m. It reported 27 employees.