Greater Sitka Arts Council Inc

Analysis

Greater Sitka Arts Council Inc is a registered charity in United States, based in Sitka, AK. It received its IRS tax-exemption ruling in August 1973, 53 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, Greater Sitka Arts Council Inc reported income of $60k and spending of $35k, leaving 41% of income unspent that year. Across the 3 years on record, from December 2019 to December 2023, income grew from $56k to $60k (+6.2%), an average of +3.0% a year. The sharpest change came in the year to December 2023, when income rose by 128%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Greater Sitka Arts Council Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 18th percentile within AK. Charities of a similar size with the same main cause include The Spotswood Athletic Boosters Club ($60k), Josephine O Cowper TR Uw 21-12-77 DRS Aaron & Koenic TR ($60k) and Cherry Creek School Distric Parent Teacher Community Council Inc ($60k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 66% of the total. At year end it held assets of $48k against liabilities of $0, net assets of $48k.