Rutland Area Art Association

Analysis

Rutland Area Art Association is a registered charity in United States, based in Rutland, VT. It received its IRS tax-exemption ruling in June 1967, 59 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, Rutland Area Art Association reported income of $160k and spending of $133k, spending 83% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $206k to $160k (-23%), an average of -12% a year. Over the whole period it spent 77% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Rutland Area Art Association sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 39th percentile within VT. Charities of a similar size with the same main cause include Central Area Youth Association ($160k), First Night Alexandria Inc ($160k) and Astrobotic Foundation ($160k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 31% and program service revenue 64% of the total. At year end it held assets of $459k against liabilities of $133k, net assets of $326k.