Crooked Tree Arts Council Inc

Analysis

Crooked Tree Arts Council Inc is a registered charity in United States, based in Petoskey, MI. It received its IRS tax-exemption ruling in September 1972, 54 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 March 2024, Crooked Tree Arts Council Inc reported income of $2.2m and spending of $2.2m, spending 97% of its income. Across the 5 years on record, from March 2020 to March 2024, income grew from $1.8m to $2.2m (+25%), an average of +5.7% a year. The sharpest change came in the year to March 2022, when income rose by 49%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Crooked Tree Arts Council Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within MI. Charities of a similar size with the same main cause include Scranton Cultural Center at the Masonic Temple ($2.2m), Preservation Trust of Vermont Inc ($2.2m) and Scola ($2.2m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 53% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $101k (4.7% of expenses). Other salaries and wages came to $763k. It paid $35k in professional fundraising fees. At year end it held assets of $8.2m against liabilities of $724k, net assets of $7.5m. It reported 21 employees.