Grand Center for Arts & Culture Inc

Analysis

Grand Center for Arts & Culture Inc is a registered charity in United States, based in New Ulm, MN. It received its IRS tax-exemption ruling in January 2011, 15 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, Grand Center for Arts & Culture Inc reported income of $880k and spending of $1.3m, spending 151% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $224k to $880k (+294%), an average of +41% a year. The sharpest change came in the year to December 2020, when income rose by 694%. Over the whole period it spent 77% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Grand Center for Arts & Culture Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within MN. Charities of a similar size with the same main cause include Riffraff Arts Collective Inc ($880k), George C Marshall International Center Inc ($880k) and The Northampton Academy of Music Inc ($880k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 4.3% of the total. Compensation of current officers, directors and key employees was $54k (4.1% of expenses). Other salaries and wages came to $41k. At year end it held assets of $5.1m against liabilities of $18k, net assets of $5.1m. It reported 20 employees.