Steamboat Springs Council of the Arts and Humanities

Analysis

Steamboat Springs Council of the Arts and Humanities is a registered charity in United States, based in Steamboat SPR, CO. It received its IRS tax-exemption ruling in December 1972, 54 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, Steamboat Springs Council of the Arts and Humanities reported income of $517k and spending of $557k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $527k to $517k (-1.9%), an average of -0.5% a year. The sharpest change came in the year to December 2020, when income rose by 20%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Steamboat Springs Council of the Arts and Humanities sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 68th percentile within CO. Charities of a similar size with the same main cause include Henry County Helping Hand Inc ($517k), Mo Hock Ke Lock Bo Mun Lun School ($517k) and Pacific Youth Correctional Ministries ($517k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 31% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $94k (17% of expenses). Other salaries and wages came to $120k. At year end it held assets of $1.3m against liabilities of $163k, net assets of $1.2m. It reported 10 employees.