Core New Art Space

Analysis

Core New Art Space is a registered charity in United States, based in Lakewood, CO. It received its IRS tax-exemption ruling in June 1995, 31 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 August 2023, Core New Art Space reported income of $51k and spending of $41k, spending 80% of its income. Across the 3 years on record, from August 2021 to August 2023, income grew from $43k to $51k (+19%), an average of +8.9% a year. The sharpest change came in the year to August 2023, when income rose by 71%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Core New Art Space sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 17th percentile within CO. Charities of a similar size with the same main cause include American Korean Friendship Society Inc ($51k), Maricopa Live Steamers Railroad Heritage Preservation Society ($51k) and Savannahian Publishing ($51k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 41% and program service revenue 48% of the total. At year end it held assets of $28k against liabilities of $3,521, net assets of $25k.