Interlochen Center for the Arts

Analysis

Interlochen Center for the Arts is a registered charity in United States, based in Interlochen, MI. It received its IRS tax-exemption ruling in December 1963, 63 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 May 2023, Interlochen Center for the Arts reported income of $91.8m and spending of $83.5m, spending 91% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $74.8m to $91.8m (+23%), an average of +5.3% a year. The sharpest change came in the year to May 2022, when income rose by 84%. Over the whole period it spent 81% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Interlochen Center for the Arts sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MI. Charities of a similar size with the same main cause include Minnesota Historical Society ($91.5m), San Diego Symphony Orchestra Association ($93.0m) and Association for Computing Machinery Inc ($91.1m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 21% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $2.5m (3.0% of expenses). Other salaries and wages came to $30.1m. At year end it held assets of $313.1m against liabilities of $51.6m, net assets of $261.5m. It reported 1,633 employees.