Central Current Inc

Analysis

Central Current Inc is a registered charity in United States, based in Syracuse, NY. It received its IRS tax-exemption ruling in November 2021, 5 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, Central Current Inc reported income of $394k and spending of $390k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $329k to $394k (+20%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 20%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Central Current Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 63rd percentile within NY. Charities of a similar size with the same main cause include Campus Communications Inc ($394k), Moravian Music Foundation Inc ($394k) and Legends Do Live ($393k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $188k. It paid $46k in professional fundraising fees. At year end it held assets of $141k against liabilities of $5,947, net assets of $135k. It reported 6 employees.