Arts Council of Southwestern Indiana Inc

Analysis

Arts Council of Southwestern Indiana Inc is a registered charity in United States, based in Evansville, IN. It received its IRS tax-exemption ruling in March 1972, 54 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 Council of Southwestern Indiana Inc reported income of $774k and spending of $632k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $798k to $774k (-3.0%), an average of -0.8% a year. The sharpest change came in the year to December 2020, when income dropped by 31%. Over the whole period it spent 85% 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 Council of Southwestern Indiana Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within IN. Charities of a similar size with the same main cause include Step Up Savannah Inc ($774k), America on Wheels Inc ($774k) and Art Division ($773k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 7.0% of the total. Compensation of current officers, directors and key employees was $59k (9.3% of expenses). Other salaries and wages came to $115k. At year end it held assets of $1.2m against liabilities of $2,649, net assets of $1.2m. It reported 4 employees.