Creative Arkansas Community and Exchange Inc Cache

Analysis

Creative Arkansas Community and Exchange Inc Cache is a registered charity in United States, based in Springdale, AR. It received its IRS tax-exemption ruling in July 2022, 4 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, Creative Arkansas Community and Exchange Inc Cache reported income of $2.7m and spending of $3.1m, spending 115% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $3.7m to $2.7m (-27%), an average of -27% a year. The sharpest change came in the year to December 2023, when income dropped by 27%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Creative Arkansas Community and Exchange Inc Cache sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within AR. Charities of a similar size with the same main cause include The Arts Campus at Willits ($2.7m), Strings Music Festival ($2.7m) and Pacific Chorale ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 2.1% of the total. Compensation of current officers, directors and key employees was $346k (11% of expenses). Other salaries and wages came to $744k. At year end it held assets of $639k against liabilities of $267, net assets of $639k.