Great Lakes Performing Artist Associates

Analysis

Great Lakes Performing Artist Associates is a registered charity in United States, based in Ann Arbor, MI. It received its IRS tax-exemption ruling in March 1978, 48 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Great Lakes Performing Artist Associates reported income of $141k and spending of $141k, spending 100% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $122k to $141k (+16%), an average of +16% a year. The sharpest change came in the year to June 2024, when income rose by 16%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Great Lakes Performing Artist Associates sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 45th percentile within MI. Charities of a similar size with the same main cause include Marquette Maritime Museum ($141k), Taiwanese Heritage Society of Houston ($141k) and Michael Chekhov Association Inc ($141k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 39% and program service revenue 61% of the total. At year end it held assets of $18k against liabilities of $2,386, net assets of $16k.