Shiawassee Arts Council

Analysis

Shiawassee Arts Council is a registered charity in United States, based in Owosso, MI. It received its IRS tax-exemption ruling in June 1974, 52 years ago. 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, Shiawassee Arts Council reported income of $332k and spending of $399k, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $429k to $332k (-23%), an average of -6.2% a year. The sharpest change came in the year to December 2023, when income dropped by 25%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Shiawassee Arts Council sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within MI. Charities of a similar size with the same main cause include Chicago Master Singers ($332k), Life Center of Cumberland County ($332k) and Portage County Youth Soccer Ltd ($332k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 45% of the total. Other salaries and wages came to $189k. At year end it held assets of $926k against liabilities of $4,585, net assets of $921k. It reported 6 employees.