CENTRE FOR THE LIVING ARTS
Mission Statement
Alabama Contemporary Art Center reinvents what a contemporary arts organization can be for our time by applying creativity and innovation to the pressing needs of the day. As a pivotal force in contemporary art for the Southeast, we marshal global talent to engage all sectors of the Mobile community in ideas, issues, and interests that matter. We function as a public forum, convener, and cultural broker by forming strategic alliances with like-minded cultural, social, educational, and civic institutions. Our exhibitions and programs investigate themes and topics of particular relevance to the Gulf Coast while creating a national model for constructive community-building through the arts.
Financial Overview — FY 2025
Compared with Peers
FY 2025| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
91.4% | 81.9% |
P10P90
|
Above median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
8.6% | 13.7% |
P10P90
|
Above median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 0.0% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
11.7 mo | 9.4 mo |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
-0.5% | 1.5% |
P10P90
|
Top quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
98.9% | 77.2% |
P10P90
|
Bottom quarter |
|
Revenue growth
Year over year revenue growth
|
65.5% | 6.7% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-28.6% | 5.9% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
41.6% | 2.4% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2025 | $936K | $546K | $533K | 91.4% | 7 |
| 2024 | $566K | $765K | $144K | 78.5% | 8 |
| 2023 | $815K | $851K | $398K | 73.7% | 8 |
| 2022 | $891K | $807K | N/A | — | 7 |
| 2021 | $612K | $753K | N/A | — | 7 |
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