Wabash Valley Arts Council

Analysis

Wabash Valley Arts Council is a registered charity in United States, based in Mount Carmel, IL. It received its IRS tax-exemption ruling in September 1991, 35 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 2024, Wabash Valley Arts Council reported income of $76k and spending of $73k, spending 96% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $54k to $76k (+41%), an average of +41% a year. The sharpest change came in the year to June 2024, when income rose by 41%. Over the whole period it spent 134% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wabash Valley Arts Council sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 31st percentile within IL. Charities of a similar size with the same main cause include Michigan Chess Association ($76k), PTA California Congress of Parents Teachers & Students Inc ($76k) and Circle City Rotary Foundation ($76k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 96% of the total. At year end it held assets of $99k against liabilities of $0, net assets of $99k.