Turtle Creek Valley Arts Corporation

Analysis

Turtle Creek Valley Arts Corporation is a registered charity in United States, based in Wilmerding, PA. It received its IRS tax-exemption ruling in May 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Turtle Creek Valley Arts Corporation reported income of $1.6m and spending of $730k, leaving 55% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $634k to $1.6m (+158%), an average of +158% a year. The sharpest change came in the year to June 2023, when income rose by 158%. Over the whole period it spent 72% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Turtle Creek Valley Arts Corporation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within PA. Charities of a similar size with the same main cause include Shreveport Opera ($1.6m), Charlou Foundation ($1.6m) and Newton Communications Access Center Inc ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 25% of the total. At year end it held assets of $49.8m against liabilities of $49.2m, net assets of $628k.