Arvada Center for the Arts and Humanities

Analysis

Arvada Center for the Arts and Humanities is a registered charity in United States, based in Arvada, CO. It received its IRS tax-exemption ruling in November 1981, 45 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 June 2023, Arvada Center for the Arts and Humanities reported income of $13.8m and spending of $13.5m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $11.6m to $13.8m (+19%), an average of +4.4% a year. The sharpest change came in the year to June 2022, when income rose by 68%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Arvada Center for the Arts and Humanities sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within CO. Charities of a similar size with the same main cause include Energetics Technology Center Inc ($13.7m), Japanese American National Museum ($13.8m) and National Baseball Hall of Fame and Museum Inc ($13.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 52% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $650k (4.8% of expenses). Other salaries and wages came to $4.7m. At year end it held assets of $4.4m against liabilities of $2.0m, net assets of $2.4m. It reported 359 employees.