Michigan Guild of Artists & Artisans

Analysis

Michigan Guild of Artists & Artisans is a registered charity in United States, based in Ann Arbor, MI. It received its IRS tax-exemption ruling in January 1981, 45 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 December 2023, Michigan Guild of Artists & Artisans reported income of $953k and spending of $903k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $745k to $953k (+28%), an average of +6.3% a year. The sharpest change came in the year to December 2021, when income rose by 361%. Over the whole period it spent 112% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Michigan Guild of Artists & Artisans sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within MI. Charities of a similar size with the same main cause include New Hazlett Center for the Performing Arts ($953k), Fowler Davis 4 Change ($953k) and Childrens Chorus of Washington ($952k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $80k (8.9% of expenses). Other salaries and wages came to $218k. At year end it held assets of $250k against liabilities of $353k, net assets of -$103k. It reported 8 employees.