Peninsula School of Art Inc

Analysis

Peninsula School of Art Inc is a registered charity in United States, based in Fish Creek, WI. It received its IRS tax-exemption ruling in October 1992, 34 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 December 2023, Peninsula School of Art Inc reported income of $1.2m and spending of $1.1m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $854k to $1.2m (+43%), an average of +9.3% a year. The sharpest change came in the year to December 2021, when income rose by 135%. Over the whole period it spent 81% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Peninsula School of Art 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 81st percentile, and in the 82nd percentile within WI. Charities of a similar size with the same main cause include Anthroposophical Society in America ($1.2m), Art League of Long Island ($1.2m) and McLean County Historical Society ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $112k (10% of expenses). Other salaries and wages came to $206k. At year end it held assets of $7.5m against liabilities of $1.8m, net assets of $5.7m. It reported 6 employees.