Campanile Center for the Arts Inc

Analysis

Campanile Center for the Arts Inc is a registered charity in United States, based in Minocqua, WI. It received its IRS tax-exemption ruling in June 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, Campanile Center for the Arts Inc reported income of $308k and spending of $448k, spending 145% of what it took in. Across the 6 years on record, from May 2019 to June 2024, income fell from $572k to $308k (-46%), an average of -12% a year. The sharpest change came in the year to May 2021, when income rose by 233%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Campanile Center for the Arts Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 62nd percentile within WI. Charities of a similar size with the same main cause include Mystic Arts Foundation ($308k), World Affairs Council of Kentucky Southern Indiana ($308k) and Artists of Yardley ($308k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 30% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $67k (15% of expenses). Other salaries and wages came to $80k. At year end it held assets of $1.3m against liabilities of $30k, net assets of $1.2m. It reported 19 employees.