Raise the Roof for the Arts

Analysis

Raise the Roof for the Arts is a registered charity in United States, based in Sidney, OH. It received its IRS tax-exemption ruling in June 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, Raise the Roof for the Arts reported income of $458k and spending of $513k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $339k to $458k (+35%), an average of +7.8% a year. The sharpest change came in the year to December 2020, when income rose by 47%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Raise the Roof for the Arts sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within OH. Charities of a similar size with the same main cause include VM Music Company Inc ($457k), Grand Marais Arts Inc ($458k) and Blue and Gray Education Society ($457k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 31% and program service revenue 45% of the total. Other salaries and wages came to $142k. At year end it held assets of $2.8m against liabilities of $215k, net assets of $2.6m. It reported 8 employees.