Greater Flint Arts Council

Analysis

Greater Flint Arts Council is a registered charity in United States, based in Flint, MI. It received its IRS tax-exemption ruling in April 1977, 49 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Greater Flint Arts Council reported income of $2.6m and spending of $1.3m, leaving 50% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $2.6m (+141%), an average of +25% a year. The sharpest change came in the year to December 2023, when income rose by 120%. Over the whole period it spent 79% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Greater Flint Arts Council sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within MI. Charities of a similar size with the same main cause include Masco Inc ($2.6m), Association of American Indian Physicians Inc ($2.6m) and Oregon Council for the Humanities ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 4.3% of the total. Compensation of current officers, directors and key employees was $102k (8.0% of expenses). Other salaries and wages came to $209k. At year end it held assets of $2.0m against liabilities of $63k, net assets of $1.9m. It reported 5 employees.