Harry M Cornell Arts & Entertainment Complex

Analysis

Harry M Cornell Arts & Entertainment Complex is a registered charity in United States, based in Joplin, MO. It received its IRS tax-exemption ruling in June 2020, 6 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Harry M Cornell Arts & Entertainment Complex reported income of $4.8m and spending of $737k, leaving 85% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $649k to $4.8m (+644%), an average of +95% a year. The sharpest change came in the year to June 2021, when income rose by 592%. Over the whole period it spent 3.6% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Harry M Cornell Arts & Entertainment Complex sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within MO. Charities of a similar size with the same main cause include Redlands Community Music Association Inc ($4.8m), City Access New York ($4.8m) and Newark Public Radio Inc ($4.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 2.0% of the total. At year end it held assets of $20.3m against liabilities of $0, net assets of $20.3m.