Saugatuck Center for the Arts Inc

Analysis

Saugatuck Center for the Arts Inc is a registered charity in United States, based in Saugatuck, MI. It received its IRS tax-exemption ruling in September 2001, 25 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 (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, Saugatuck Center for the Arts Inc reported income of $2.8m and spending of $3.1m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.3m to $2.8m (+25%), an average of +5.6% a year. The sharpest change came in the year to December 2021, when income rose by 80%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Saugatuck Center for the Arts Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within MI. Charities of a similar size with the same main cause include College Art Association of America Inc ($2.8m), Indiana Latino Institute Inc ($2.8m) and Wisconsin Chamber Orchestra Inc ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $144k (4.6% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $3.1m against liabilities of $221k, net assets of $2.9m. It reported 96 employees.