Fremont Center for the Arts

Analysis

Fremont Center for the Arts is a registered charity in United States, based in Canon City, CO. It received its IRS tax-exemption ruling in October 1980, 46 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 December 2023, Fremont Center for the Arts reported income of $160k and spending of $209k, spending 131% of what it took in. Across the 3 years on record, from December 2019 to December 2023, income fell from $366k to $160k (-56%), an average of -34% a year. The sharpest change came in the year to December 2022, when income dropped by 41%. Over the whole period it spent 70% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Fremont Center for the Arts sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 45th percentile within CO. Charities of a similar size with the same main cause include Gold Canyon Arts Council ($160k), Ballet Concerto Inc ($160k) and American Veterans Heritage Center Inc ($160k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $106k (51% of expenses). At year end it held assets of $335k against liabilities of $4,735, net assets of $331k. It reported 5 employees.