Rockford Area Arts Council

Analysis

Rockford Area Arts Council is a registered charity in United States, based in Rockford, IL. It received its IRS tax-exemption ruling in October 1969, 57 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Rockford Area Arts Council reported income of $662k and spending of $698k, spending 105% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $260k to $662k (+155%), an average of +26% a year. The sharpest change came in the year to August 2022, when income rose by 50%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Rockford Area Arts Council sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within IL. Charities of a similar size with the same main cause include North Pole Studio ($662k), Central Florida Ballet Inc ($662k) and BFF Omaha Inc ($661k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $76k (11% of expenses). Other salaries and wages came to $179k. At year end it held assets of $538k against liabilities of $34k, net assets of $505k. It reported 15 employees.