South Shore Arts Inc

Analysis

South Shore Arts Inc is a registered charity in United States, based in Munster, IN. It received its IRS tax-exemption ruling in October 1970, 56 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 2023, South Shore Arts Inc reported income of $618k and spending of $793k, spending 128% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.3m to $618k (-52%), an average of -17% a year. The sharpest change came in the year to June 2022, when income rose by 94%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, South Shore Arts Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within IN. Charities of a similar size with the same main cause include Dayton Amateur Radio Association Inc ($617k), Korea US Quantum Technology Cooperation Center ($618k) and Shazur Interwoven Inc ($617k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 50% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $122k (15% of expenses). Other salaries and wages came to $225k. At year end it held assets of $2.4m against liabilities of $83k, net assets of $2.3m. It reported 18 employees.