Cultureworks

Analysis

Cultureworks is a registered charity in United States, based in Holland, MI. It received its IRS tax-exemption ruling in May 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 May 2024, Cultureworks reported income of $316k and spending of $212k, leaving 33% of income unspent that year. Across the 5 years on record, from May 2020 to May 2024, income grew from $110k to $316k (+188%), an average of +30% a year. The sharpest change came in the year to May 2024, when income rose by 38%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cultureworks sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within MI. Charities of a similar size with the same main cause include Able - Artists Breaking Limits & Expectations ($316k), Pan Am 103-Lockerbie Legacy Foundation Inc ($316k) and West African Community Center ($316k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $64k (30% of expenses). Other salaries and wages came to $50k. At year end it held assets of $183k against liabilities of $1,414, net assets of $182k. It reported 8 employees.