Center on Contemporary Art

Analysis

Center on Contemporary Art is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in October 2014, 12 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, Center on Contemporary Art reported income of $95k and spending of $83k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $212k to $95k (-55%), an average of -18% a year. The sharpest change came in the year to December 2023, when income dropped by 35%. Over the whole period it spent 110% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Center on Contemporary Art sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 31st percentile within WA. Charities of a similar size with the same main cause include T League RGT ($95k), Summit Art Inc ($95k) and Listen Media Community Fund ($95k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 19% of the total. Other salaries and wages came to $29k. At year end it held assets of $22k against liabilities of $144, net assets of $22k. It reported 3 employees.