Mackinac Arts Council

Analysis

Mackinac Arts Council is a registered charity in United States, based in Mackinac Island, MI. It received its IRS tax-exemption ruling in April 2004, 22 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, Mackinac Arts Council reported income of $358k and spending of $322k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $253k to $358k (+41%), an average of +9.0% a year. The sharpest change came in the year to December 2022, when income rose by 35%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Mackinac Arts Council sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within MI. Charities of a similar size with the same main cause include National Lighthouse Museum ($358k), Greater Southwest Historical Museum ($358k) and New York Neo-Futurists ($358k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.3% of the total. Other salaries and wages came to $103k. At year end it held assets of $426k against liabilities of $21k, net assets of $405k. It reported 5 employees.