South Haven Art Association

Analysis

South Haven Art Association is a registered charity in United States, based in South Haven, MI. It received its IRS tax-exemption ruling in May 1984, 42 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 August 2023, South Haven Art Association reported income of $151k and spending of $146k, spending 97% of its income. Across the 2 years on record, from August 2022 to August 2023, income fell from $201k to $151k (-25%), an average of -25% a year. The sharpest change came in the year to August 2023, when income dropped by 25%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, South Haven Art Association sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 47th percentile within MI. Charities of a similar size with the same main cause include Aerospace Village ($151k), Hispanics Avanzando Hispanics ($151k) and Artspot Productions Inc ($150k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 60% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $43k (30% of expenses). Other salaries and wages came to $36k. At year end it held assets of $235k against liabilities of $5,246, net assets of $230k. It reported 5 employees.