Maude I Kerns Art Center

Analysis

Maude I Kerns Art Center is a registered charity in United States, based in Eugene, OR. It received its IRS tax-exemption ruling in May 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 school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Maude I Kerns Art Center reported income of $398k and spending of $398k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $406k to $398k (-2.1%), an average of -0.5% a year. The sharpest change came in the year to December 2020, when income dropped by 32%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Maude I Kerns Art Center sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within OR. Charities of a similar size with the same main cause include Allied Arts Association ($398k), Classical Recording Foundation Inc ($398k) and American Cello Institute Incorporated ($398k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 59% of the total. Compensation of current officers, directors and key employees was $50k (13% of expenses). Other salaries and wages came to $117k. At year end it held assets of $255k against liabilities of $5,609, net assets of $249k. It reported 6 employees.