Centre for the Arts

Analysis

Centre for the Arts is a registered charity in United States, based in New Roads, LA. It received its IRS tax-exemption ruling in November 2009, 17 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, Centre for the Arts reported income of $208k and spending of $194k, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $87k to $208k (+138%), an average of +24% a year. The sharpest change came in the year to June 2022, when income rose by 50%. 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, Centre for the Arts sits at the 61st percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 53rd percentile within LA. Charities of a similar size with the same main cause include Michigan Museums Association ($208k), Mower County Historical Society ($208k) and Buffalo Opera Unlimited Incorporated ($208k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 38% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $40k (21% of expenses). At year end it held assets of $176k against liabilities of $1,127, net assets of $175k. It reported 2 employees.