Greater Des Moines Public Art Foundation

Analysis

Greater Des Moines Public Art Foundation is a registered charity in United States, based in Des Moines, IA. It received its IRS tax-exemption ruling in November 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), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Greater Des Moines Public Art Foundation reported income of $482k and spending of $143k, leaving 70% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $331k to $482k (+45%), an average of +9.8% a year. The sharpest change came in the year to December 2021, when income rose by 206%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Greater Des Moines Public Art Foundation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 72nd percentile within IA. Charities of a similar size with the same main cause include Tucson Arizona Boys Chorus ($482k), Vista Ridge Band Boosters ($482k) and Kalapriya Foundation Center for Indian Performing Art Inc ($481k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $41k (29% of expenses). At year end it held assets of $856k against liabilities of $8,524, net assets of $847k. It reported 2 employees.