Norwalk Arts Center LLC

Analysis

Norwalk Arts Center LLC is a registered charity in United States, based in Norwalk, OH. It received its IRS tax-exemption ruling in May 2019, 7 years ago. 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, Norwalk Arts Center LLC reported income of $306k and spending of $91k, leaving 70% of income unspent that year. Across the 4 years on record, from September 2020 to December 2023, income grew from $225k to $306k (+36%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 40%. Over the whole period it spent 22% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Norwalk Arts Center LLC sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 62nd percentile within OH. Charities of a similar size with the same main cause include Sav-A-Life Troy Inc ($306k), Minnesota Bluegrass and Old Time Music Association ($306k) and Senior Citizens of Lincoln County ($306k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 16% of the total. At year end it held assets of $889k against liabilities of $308, net assets of $889k.