Tooele City Arts Council

Analysis

Tooele City Arts Council is a registered charity in United States, based in Tooele, UT. It received its IRS tax-exemption ruling in September 2007, 19 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Tooele City Arts Council reported income of $175k and spending of $198k, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $229k to $175k (-23%), an average of -6.5% a year. The sharpest change came in the year to June 2023, when income rose by 122%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Tooele City Arts Council sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 49th percentile within UT. Charities of a similar size with the same main cause include Project Night Sky ($175k), Korean Art Forum Inc ($175k) and Anthropos Arts ($175k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $21k (11% of expenses). Other salaries and wages came to $11k. At year end it held assets of $47k against liabilities of $1,707, net assets of $45k. It reported 6 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.