Charlevoix Circle of Arts

Analysis

Charlevoix Circle of Arts is a registered charity in United States, based in Charlevoix, MI. It received its IRS tax-exemption ruling in October 2009, 17 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 (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, Charlevoix Circle of Arts reported income of $263k and spending of $252k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $319k to $263k (-17%), an average of -4.7% a year. The sharpest change came in the year to December 2020, when income dropped by 37%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Charlevoix Circle of Arts sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within MI. Charities of a similar size with the same main cause include Theatrezone Inc ($263k), Just Enterprises Inc ($263k) and Chamber Music Hawaii ($263k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 54% of the total. Other salaries and wages came to $118k. At year end it held assets of $166k against liabilities of $4,993, net assets of $161k. It reported 4 employees.