Kalamazoo Arts Council Inc

Analysis

Kalamazoo Arts Council Inc is a registered charity in United States, based in Kalamazoo, MI. It received its IRS tax-exemption ruling in December 1967, 59 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 September 2023, Kalamazoo Arts Council Inc reported income of $1.3m and spending of $1.4m, spending 107% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.2m to $1.3m (+10%), an average of +2.5% a year. The sharpest change came in the year to September 2023, when income rose by 27%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Kalamazoo Arts Council Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within MI. Charities of a similar size with the same main cause include Whidbey Island Center for the Arts ($1.3m), Circle Cinema Foundation Inc ($1.3m) and Barnstormers Inc ($1.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 86% and program service revenue 4.7% of the total. Compensation of current officers, directors and key employees was $111k (7.8% of expenses). Other salaries and wages came to $351k. At year end it held assets of $991k against liabilities of $112k, net assets of $878k. It reported 20 employees.