The Art Center of Western Colorado

Analysis

The Art Center of Western Colorado is a registered charity in United States, based in Grand JCT, CO. It received its IRS tax-exemption ruling in February 1957, 69 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, The Art Center of Western Colorado reported income of $597k and spending of $657k, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $575k to $597k (+3.9%), an average of +1.0% a year. The sharpest change came in the year to June 2021, when income rose by 68%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Art Center of Western Colorado sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 71st percentile within CO. Charities of a similar size with the same main cause include Amarillo Art Center Association ($597k), New York Classical Theatre Inc ($597k) and Kimokeo Foundation ($597k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 48% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $66k (10% of expenses). Other salaries and wages came to $194k. At year end it held assets of $1.1m against liabilities of $70k, net assets of $1.1m. It reported 19 employees.