Thornapple Arts Council of Barry County

Analysis

Thornapple Arts Council of Barry County is a registered charity in United States, based in Hastings, MI. It received its IRS tax-exemption ruling in December 1987, 39 years ago. 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 December 2023, Thornapple Arts Council of Barry County reported income of $345k and spending of $437k, spending 127% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $218k to $345k (+58%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 80%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Thornapple Arts Council of Barry County sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within MI. Charities of a similar size with the same main cause include Lopez Childrens Center ($345k), Wiconi Wawokiya Inc ($345k) and Wartburg Lutheran Home for the Aging ($345k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 25% and program service revenue 72% of the total. Other salaries and wages came to $110k. At year end it held assets of $204k against liabilities of $3,638, net assets of $200k. It reported 12 employees.