National Arts Centre Corporation

Analysis

National Arts Centre Corporation is a registered charity in United States, based in Canada. It received its IRS tax-exemption ruling in March 2004, 22 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).

In the financial year ending August 2023, National Arts Centre Corporation reported income of $111.7m and spending of $105.8m, spending 95% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $94.2m to $111.7m (+19%), an average of +4.3% a year. The sharpest change came in the year to August 2022, when income rose by 23%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, National Arts Centre Corporation sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile. Charities of a similar size with the same main cause include Wnet ($111.1m), Minnesota Public Radio ($114.0m) and Field Museum of Natural History ($110.1m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 73% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $137k (0.1% of expenses). Other salaries and wages came to $29.8m. At year end it held assets of $232.2m against liabilities of $213.9m, net assets of $18.3m.