East Central Regional Arts Council

Analysis

East Central Regional Arts Council is a registered charity in United States, based in Hinckley, MN. It received its IRS tax-exemption ruling in November 2010, 16 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 June 2023, East Central Regional Arts Council reported income of $686k and spending of $692k, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $656k to $686k (+4.6%), an average of +1.1% a year. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, East Central Regional Arts Council sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within MN. Charities of a similar size with the same main cause include Ispace Inc ($686k), Maui Academy of Performing Arts ($686k) and American Academy of Political and Social Science ($686k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $88k (13% of expenses). Other salaries and wages came to $61k. At year end it held assets of $386k against liabilities of $208k, net assets of $177k. It reported 2 employees.