Downtown Aurora Visual Arts

Analysis

Downtown Aurora Visual Arts is a registered charity in United States, based in Aurora, CO. It received its IRS tax-exemption ruling in December 1993, 33 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, Downtown Aurora Visual Arts reported income of $540k and spending of $696k, spending 129% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $526k to $540k (+2.8%), an average of +0.7% a year. The sharpest change came in the year to December 2022, when income dropped by 37%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Downtown Aurora Visual Arts sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 69th percentile within CO. Charities of a similar size with the same main cause include National Society of Black Physicists ($540k), Thrasher Opera House Corporation ($540k) and Artist Outreach Inc ($540k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 1.8% of the total. Compensation of current officers, directors and key employees was $1 (0.0% of expenses). Other salaries and wages came to $361k. At year end it held assets of $1.9m against liabilities of $19k, net assets of $1.8m. It reported 12 employees.