Volcano Art Center

Analysis

Volcano Art Center is a registered charity in United States, based in Volcano, HI. It received its IRS tax-exemption ruling in March 1984, 42 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 September 2023, Volcano Art Center reported income of $1.1m and spending of $1.1m, spending 97% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $736k to $1.1m (+55%), an average of +12% a year. The sharpest change came in the year to September 2021, when income rose by 47%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Volcano Art Center sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within HI. Charities of a similar size with the same main cause include International Museum of Muslim Culture ($1.1m), Daisy Wilson Artist Community Inc ($1.1m) and Southwest Florida Music Education Center Inc ($1.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 15% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $76k (6.8% of expenses). Other salaries and wages came to $366k. At year end it held assets of $2.3m against liabilities of $515k, net assets of $1.7m. It reported 13 employees.