Beloit Art Center Inc

Analysis

Beloit Art Center Inc is a registered charity in United States, based in Beloit, WI. It received its IRS tax-exemption ruling in November 2002, 24 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, Beloit Art Center Inc reported income of $101k and spending of $69k, leaving 32% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $65k to $101k (+56%), an average of +56% a year. The sharpest change came in the year to December 2023, when income rose by 56%. Over the whole period it spent 76% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Beloit Art Center Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 36th percentile within WI. Charities of a similar size with the same main cause include Village Heritage Foundation ($101k), Dundee Band Boosters ($101k) and Tappan Washington Memorial Corporation ($101k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 9.1% and program service revenue 56% of the total. At year end it held assets of $240k against liabilities of $69k, net assets of $171k.