Artspartners of Central Illinois Inc

Analysis

Artspartners of Central Illinois Inc is a registered charity in United States, based in Peoria, IL. It received its IRS tax-exemption ruling in February 1999, 27 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 August 2023, Artspartners of Central Illinois Inc reported income of $163k and spending of $150k, spending 92% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $353k to $163k (-54%), an average of -18% a year. The sharpest change came in the year to August 2022, when income rose by 75%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Artspartners of Central Illinois Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 50th percentile within IL. Charities of a similar size with the same main cause include Burlington County Footlighters Incorporated ($163k), Power of the Arts Inc ($163k) and Nusantara Arts Inc ($163k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 92% and program service revenue 7.2% of the total. Compensation of current officers, directors and key employees was $56k (37% of expenses). Other salaries and wages came to $27k. At year end it held assets of $227k against liabilities of $21k, net assets of $206k.