Chippewa Valley Cultural Association Inc

Analysis

Chippewa Valley Cultural Association Inc is a registered charity in United States, based in Chippewa Falls, WI. It received its IRS tax-exemption ruling in October 1976, 50 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 November 2023, Chippewa Valley Cultural Association Inc reported income of $623k and spending of $541k, spending 87% of its income. Across the 5 years on record, from November 2019 to November 2023, income grew from $434k to $623k (+44%), an average of +9.5% a year. The sharpest change came in the year to November 2021, when income rose by 86%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Chippewa Valley Cultural Association Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within WI. Charities of a similar size with the same main cause include Intercultural Networks Inc ($623k), Springfield Ballet Inc ($623k) and Ocean City Development Corporation ($623k).

On its Form 990 for the period ending November 2023, revenue came from contributions and grants 48% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $71k (13% of expenses). Other salaries and wages came to $107k. It paid $6,094 in professional fundraising fees. At year end it held assets of $1.3m against liabilities of $48k, net assets of $1.2m. It reported 9 employees.