Rosemount Area Arts Council

Analysis

Rosemount Area Arts Council is a registered charity in United States, based in Rosemount, MN. It received its IRS tax-exemption ruling in June 2008, 18 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, Rosemount Area Arts Council reported income of $79k and spending of $63k, leaving 20% of income unspent that year. Across the 2 years on record, from December 2019 to December 2023, income fell from $136k to $79k (-42%), an average of -42% a year. The sharpest change came in the year to December 2023, when income dropped by 42%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rosemount Area Arts Council sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 27th percentile within MN. Charities of a similar size with the same main cause include Sandlott Baseball Inc ($79k), Central Va Found for Economic Education & Improvement Incorp ($79k) and Society of American Military Engineers ($79k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 68% of the total. At year end it held assets of $41k against liabilities of $0, net assets of $41k.