Le Mars Arts Council Inc

Analysis

Le Mars Arts Council Inc is a registered charity in United States, based in Le Mars, IA. It received its IRS tax-exemption ruling in January 1973, 53 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 June 2023, Le Mars Arts Council Inc reported income of $119k and spending of $108k, spending 90% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $145k to $119k (-18%), an average of -6.3% a year. The sharpest change came in the year to June 2021, when income dropped by 23%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Le Mars Arts Council Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 41st percentile within IA. Charities of a similar size with the same main cause include Nepalese Association of Houston ($119k), Georgia Dance Theatre Inc ($119k) and Knowlton Fine Arts ($119k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 73% and program service revenue 27% of the total. Other salaries and wages came to $55k. At year end it held assets of $54k against liabilities of $680, net assets of $54k. It reported 4 employees.