Arts Council of Southern Indiana

Analysis

Arts Council of Southern Indiana is a registered charity in United States, based in New Albany, IN. It received its IRS tax-exemption ruling in July 1984, 42 years ago. 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, Arts Council of Southern Indiana reported income of $253k and spending of $191k, leaving 24% of income unspent that year. Across the 3 years on record, from June 2021 to June 2023, income grew from $228k to $253k (+11%), an average of +5.3% a year. Over the whole period it spent 71% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Arts Council of Southern Indiana sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 58th percentile within IN. Charities of a similar size with the same main cause include Roncalli Apartments Inc ($253k), H E L P for Mom ($253k) and Winchester Seniors Association Trust ($253k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 78% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $45k (24% of expenses). At year end it held assets of $459k against liabilities of $0, net assets of $459k.