Raue Center for the Arts Inc

Analysis

Raue Center for the Arts Inc is a registered charity in United States, based in Crystal Lake, IL. It received its IRS tax-exemption ruling in April 1998, 28 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 June 2023, Raue Center for the Arts Inc reported income of $1.7m and spending of $1.9m, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $1.7m (+12%), an average of +2.8% a year. The sharpest change came in the year to June 2022, when income rose by 106%. Over the whole period it spent 109% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Raue Center for the Arts Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within IL. Charities of a similar size with the same main cause include Anatolia Cultural Centers Inc ($1.7m), Science Teachers Association of Texas ($1.7m) and United Photo Industries Inc ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 58% and program service revenue 42% of the total. Other salaries and wages came to $753k. At year end it held assets of $3.1m against liabilities of $1.1m, net assets of $2.0m. It reported 20 employees.