Thunder Bay Arts Council Inc

Analysis

Thunder Bay Arts Council Inc is a registered charity in United States, based in Alpena, MI. It received its IRS tax-exemption ruling in June 1974, 52 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, Thunder Bay Arts Council Inc reported income of $112k and spending of $83k, leaving 26% of income unspent that year. Across the 2 years on record, from August 2022 to August 2023, income fell from $134k to $112k (-17%), an average of -17% a year. The sharpest change came in the year to August 2023, when income dropped by 17%. Over the whole period it spent 81% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Thunder Bay Arts Council Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 39th percentile within MI. Charities of a similar size with the same main cause include Talking Band Inc ($112k), Sarah Michelson Inc ($112k) and North American Brass Band Association Inc ($112k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 69% and program service revenue 7.5% of the total. At year end it held assets of $144k against liabilities of $1,311, net assets of $142k.