Arts Commission of Greater Toledo Inc

Analysis

Arts Commission of Greater Toledo Inc is a registered charity in United States, based in Toledo, OH. It received its IRS tax-exemption ruling in October 1982, 44 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, Arts Commission of Greater Toledo Inc reported income of $5.6m and spending of $4.4m, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $5.6m (+249%), an average of +37% a year. The sharpest change came in the year to December 2023, when income rose by 96%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Arts Commission of Greater Toledo Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within OH. Charities of a similar size with the same main cause include Tulsa Oktoberfest Inc ($5.6m), 18th Street Arts Complex ($5.6m) and Seward Redesign Inc ($5.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $158k (3.6% of expenses). Other salaries and wages came to $741k. At year end it held assets of $6.0m against liabilities of $3.3m, net assets of $2.8m. It reported 75 employees.