Kalamazoo Book Arts Center

Analysis

Kalamazoo Book Arts Center is a registered charity in United States, based in Kalamazoo, MI. It received its IRS tax-exemption ruling in April 2006, 20 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 June 2024, Kalamazoo Book Arts Center reported income of $197k and spending of $223k, spending 113% of what it took in. Across the 4 years on record, from June 2021 to June 2024, income fell from $204k to $197k (-3.8%), an average of -1.3% a year. The sharpest change came in the year to June 2022, when income rose by 33%. Over the whole period it spent 81% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Kalamazoo Book Arts Center sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 53rd percentile within MI. Charities of a similar size with the same main cause include Boston City Lights Foundation Inc ($197k), Friends of the Ukrainian Bandurists Chorus Inc ($197k) and Magik Magik Orchestra ($197k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 54% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $41k (18% of expenses). Other salaries and wages came to $69k. At year end it held assets of $199k against liabilities of $3,135, net assets of $196k. It reported 4 employees.