Krasl Art Center Charitable Trust

Analysis

Krasl Art Center Charitable Trust is a registered charity in United States, based in Saint Joseph, MI. It received its IRS tax-exemption ruling in June 1985, 41 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Krasl Art Center Charitable Trust reported income of $79k and spending of $19k, leaving 76% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $32k to $79k (+146%), an average of +25% a year. The sharpest change came in the year to December 2022, when income rose by 632%. Over the whole period it spent 19% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Krasl Art Center Charitable Trust sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 30th percentile within MI. Charities of a similar size with the same main cause include Southwest Ohio Philharmonic Inc ($79k), Dakota Sunset Museum Inc ($79k) and Manchester Makerspace ($78k).

At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m.