Shake Rag Alley Inc

Analysis

Shake Rag Alley Inc is a registered charity in United States, based in Mineral Point, WI. It received its IRS tax-exemption ruling in January 2005, 21 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, Shake Rag Alley Inc reported income of $497k and spending of $472k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $283k to $497k (+76%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 39%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Shake Rag Alley 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 WI. Charities of a similar size with the same main cause include Intersect Arts Center ($497k), Ankhkasta Natural Healing ($497k) and Explore Buffalo Inc ($497k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 50% of the total. Other salaries and wages came to $162k. At year end it held assets of $1.1m against liabilities of $288k, net assets of $819k. It reported 11 employees.