Cheboygan Area Arts Council Inc

Analysis

Cheboygan Area Arts Council Inc is a registered charity in United States, based in Cheboygan, 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 September 2023, Cheboygan Area Arts Council Inc reported income of $501k and spending of $415k, spending 83% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $292k to $501k (+72%), an average of +14% a year. The sharpest change came in the year to September 2021, when income rose by 63%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cheboygan Area Arts Council Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within MI. Charities of a similar size with the same main cause include Uca Users Group ($501k), The Kitchen Sisters Productions ($501k) and Kernstown Battlefield Association Inc ($501k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 35% and program service revenue 55% of the total. Other salaries and wages came to $101k. At year end it held assets of $494k against liabilities of $13k, net assets of $482k. It reported 7 employees.