Tuacahn Center for the Arts

Analysis

Tuacahn Center for the Arts is a registered charity in United States, based in Ivins, UT. It received its IRS tax-exemption ruling in March 1992, 34 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, Tuacahn Center for the Arts reported income of $20.4m and spending of $20.6m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $19.5m to $20.4m (+5.0%), an average of +1.2% a year. The sharpest change came in the year to December 2021, when income rose by 144%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Tuacahn Center for the Arts sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within UT. Charities of a similar size with the same main cause include Virginia Tech Applied Research Corporation ($20.4m), Childrens Museum of Northwestarkansas ($20.4m) and Columbus Museum of Art ($20.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $296k (1.4% of expenses). Other salaries and wages came to $9.4m. At year end it held assets of $30.9m against liabilities of $17.1m, net assets of $13.8m. It reported 503 employees.