Macrostie Art Center

Analysis

Macrostie Art Center is a registered charity in United States, based in Grand Rapids, MN. It received its IRS tax-exemption ruling in April 1971, 55 years ago. 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 December 2023, Macrostie Art Center reported income of $433k and spending of $458k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $373k to $433k (+16%), an average of +3.8% a year. The sharpest change came in the year to December 2021, when income rose by 30%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Macrostie Art Center sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within MN. Charities of a similar size with the same main cause include Brain Injury Association of Rhode Island Inc ($433k), Niagara Falls Neighborhood Housing Services Inc ($433k) and Southwest Youth Athletic Association Inc ($433k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $67k (15% of expenses). Other salaries and wages came to $122k. At year end it held assets of $695k against liabilities of $15k, net assets of $680k. It reported 10 employees.