Springfield Area Arts Council

Analysis

Springfield Area Arts Council is a registered charity in United States, based in Springfield, IL. It received its IRS tax-exemption ruling in May 1976, 50 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 September 2023, Springfield Area Arts Council reported income of $127k and spending of $173k, spending 135% of what it took in. Across the 3 years on record, from September 2020 to September 2023, income grew from $115k to $127k (+11%), an average of +5.3% a year. The sharpest change came in the year to September 2022, when income rose by 42%. Over the whole period it spent 116% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Springfield Area Arts Council sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 44th percentile within IL. Charities of a similar size with the same main cause include Quincy Valley Historical Society & Museum ($127k), Bluegrass Music Society of the Central Coast ($127k) and Governors Mansion Preservation Foundation Inc ($127k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 30% and program service revenue 59% of the total. At year end it held assets of $20k against liabilities of $770, net assets of $19k.

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.