Center Grove Fine Arts Academy Inc

Analysis

Center Grove Fine Arts Academy Inc is a registered charity in United States, based in Greenwood, IN. It received its IRS tax-exemption ruling in November 2018, 8 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 June 2023, Center Grove Fine Arts Academy Inc reported income of $185k and spending of $138k, leaving 25% of income unspent that year. Across the 3 years on record, from December 2019 to June 2023, income fell from $194k to $185k (-4.5%), an average of -2.3% a year. The sharpest change came in the year to December 2022, when income rose by 33%. Over the whole period it spent 94% 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 Grove Fine Arts Academy Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 51st percentile within IN. Charities of a similar size with the same main cause include Singing Winds Inc ($185k), Knowledge Media for Generations Inc ($185k) and Sola Contemporary ($185k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 31% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $25k (18% of expenses). Other salaries and wages came to $30k. At year end it held assets of $86k against liabilities of $98k, net assets of -$12k.