Decatur Area Arts Council Inc

Analysis

Decatur Area Arts Council Inc is a registered charity in United States, based in Decatur, IL. It received its IRS tax-exemption ruling in April 1971, 55 years ago. 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, Decatur Area Arts Council Inc reported income of $385k and spending of $458k, spending 119% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $420k to $385k (-8.4%), an average of -2.2% a year. The sharpest change came in the year to August 2023, when income rose by 40%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Decatur Area Arts Council Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within IL. Charities of a similar size with the same main cause include Portland Fruit Tree Project ($385k), Billings Public Library Foundation Inc ($385k) and The Wasteshed ($385k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 48% and program service revenue 26% of the total. Other salaries and wages came to $189k. At year end it held assets of $1.4m against liabilities of $34k, net assets of $1.4m. It reported 17 employees.