Center for the Arts Evergreen Inc

Analysis

Center for the Arts Evergreen Inc is a registered charity in United States, based in Evergreen, CO. It received its IRS tax-exemption ruling in October 1976, 50 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, Center for the Arts Evergreen Inc reported income of $2.0m and spending of $850k, leaving 57% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $729k to $2.0m (+171%), an average of +28% a year. The sharpest change came in the year to December 2021, when income rose by 135%. Over the whole period it spent 58% 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 for the Arts Evergreen Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within CO. Charities of a similar size with the same main cause include Lyman House Memorial Museum ($2.0m), American Composers Orchestra Inc ($2.0m) and Following Francis ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $104k (12% of expenses). Other salaries and wages came to $249k. At year end it held assets of $5.3m against liabilities of $455k, net assets of $4.8m. It reported 11 employees.