Carbondale Arts

Analysis

Carbondale Arts is a registered charity in United States, based in Carbondale, CO. It received its IRS tax-exemption ruling in January 1979, 47 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, Carbondale Arts reported income of $1.1m and spending of $1.2m, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $888k to $1.1m (+29%), an average of +6.5% a year. The sharpest change came in the year to December 2021, when income rose by 38%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Carbondale Arts sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 79th percentile within CO. Charities of a similar size with the same main cause include Help Me Help You ($1.1m), The Family Crisis Intervention Center of Region V Inc ($1.1m) and Clairvaux Commons Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 31% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $99k (8.2% of expenses). Other salaries and wages came to $249k. At year end it held assets of $1.6m against liabilities of $172k, net assets of $1.4m. It reported 8 employees.