Ann Arbor Art Association

Analysis

Ann Arbor Art Association is a registered charity in United States, based in Ann Arbor, MI. It received its IRS tax-exemption ruling in November 1945, 81 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 December 2023, Ann Arbor Art Association reported income of $1.5m and spending of $1.5m, spending 102% of its income. Across the 6 years on record, from August 2019 to December 2023, income fell from $1.5m to $1.5m (-1.3%), an average of -0.3% a year. The sharpest change came in the year to December 2021, when income rose by 195%. Over the whole period it spent 74% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ann Arbor Art Association sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within MI. Charities of a similar size with the same main cause include Great River Childrens Museum ($1.5m), Soundscapes Inc ($1.5m) and South Orange County Community Theatre ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $113k (7.5% of expenses). Other salaries and wages came to $479k. At year end it held assets of $4.1m against liabilities of $249k, net assets of $3.8m. It reported 35 employees.