Flint Institute of Arts

Analysis

Flint Institute of Arts is a registered charity in United States, based in Flint, MI. It received its IRS tax-exemption ruling in October 1942, 84 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, Flint Institute of Arts reported income of $7.3m and spending of $7.4m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $9.2m to $7.3m (-20%), an average of -5.5% a year. The sharpest change came in the year to June 2021, when income rose by 48%. Over the whole period it spent 80% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Flint Institute of Arts sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within MI. Charities of a similar size with the same main cause include US Navy Memorial Foundation ($7.3m), Consensus Building Institute Inc ($7.3m) and Bravo Greater Des Moines Inc ($7.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 73% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $342k (4.6% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $60.0m against liabilities of $406k, net assets of $59.6m. It reported 118 employees.