Potosi Foundation Inc

Analysis

Potosi Foundation Inc is a registered charity in United States, based in Potosi, WI. It received its IRS tax-exemption ruling in November 2000, 26 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, Potosi Foundation Inc reported income of $396k and spending of $496k, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $148k to $396k (+168%), an average of +28% a year. The sharpest change came in the year to December 2021, when income rose by 1783%. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Potosi Foundation Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within WI. Charities of a similar size with the same main cause include Lumina Studio Theatre ($396k), Nyah Project Inc ($397k) and Charleston Artist Guild ($396k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% and program service revenue 5.0% of the total. Other salaries and wages came to $84k. At year end it held assets of $3.9m against liabilities of $3.6m, net assets of $274k. It reported 6 employees.