Foothills Art Center Inc

Analysis

Foothills Art Center Inc is a registered charity in United States, based in Golden, CO. It received its IRS tax-exemption ruling in March 1970, 56 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 December 2023, Foothills Art Center Inc reported income of $3.4m and spending of $830k, leaving 75% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $585k to $3.4m (+479%), an average of +55% a year. The sharpest change came in the year to December 2022, when income rose by 105%. Over the whole period it spent 44% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Foothills Art Center Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within CO. Charities of a similar size with the same main cause include Panhandle-Plains Historical Society ($3.4m), The Workmens Circle Arbeter Ring Incorporated ($3.4m) and Belcourt Theatre Inc ($3.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 6.5% of the total. Compensation of current officers, directors and key employees was $116k (14% of expenses). Other salaries and wages came to $304k. It paid $4,000 in professional fundraising fees. At year end it held assets of $7.0m against liabilities of $672k, net assets of $6.4m. It reported 14 employees.