Sedona Arts Center Inc

Analysis

Sedona Arts Center Inc is a registered charity in United States, based in Sedona, AZ. It received its IRS tax-exemption ruling in February 1962, 64 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 2024, Sedona Arts Center Inc reported income of $1.5m and spending of $1.7m, spending 110% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.0m to $1.5m (+48%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 107%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Sedona Arts Center Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 81st percentile within AZ. Charities of a similar size with the same main cause include East Tennessee Historical Society Inc ($1.5m), West Michigan Symphony ($1.5m) and School of the Performing Arts in the Richmond Community Sparc ($1.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 51% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $439k (27% of expenses). Other salaries and wages came to $195k. At year end it held assets of $1.5m against liabilities of $247k, net assets of $1.2m. It reported 17 employees.