Offcenter Community Arts Project

Analysis

Offcenter Community Arts Project is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in September 2001, 25 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, Offcenter Community Arts Project reported income of $348k and spending of $230k, leaving 34% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $104k to $348k (+236%), an average of +236% a year. The sharpest change came in the year to December 2023, when income rose by 236%. Over the whole period it spent 75% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Offcenter Community Arts Project sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 62nd percentile within NM. Charities of a similar size with the same main cause include Katy Artreach ($348k), Childrens Theatre of Elgin ($348k) and Center for the Arts of Greater Lapeer Inc ($348k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 8.0% of the total. Compensation of current officers, directors and key employees was $21k (9.0% of expenses). Other salaries and wages came to $121k. At year end it held assets of $202k against liabilities of $0, net assets of $202k. It reported 7 employees.