Arcola Foundation

Analysis

Arcola Foundation is a registered charity in United States, based in Arcola, IL. It received its IRS tax-exemption ruling in December 1975, 51 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, Arcola Foundation reported income of $284k and spending of $240k, spending 84% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $255k to $284k (+12%), an average of +2.8% a year. The sharpest change came in the year to June 2022, when income rose by 62%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Arcola Foundation sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within IL. Charities of a similar size with the same main cause include Downtown Pittsfield Cultural Association Inc ($284k), Santa Rosa Plateau Foundation ($285k) and Regional Theatre of the Palouse ($284k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 56% and program service revenue 4.3% of the total. At year end it held assets of $6.1m against liabilities of $0, net assets of $6.1m.