Racine Arts Council Inc

Analysis

Racine Arts Council Inc is a registered charity in United States, based in Racine, WI. It received its IRS tax-exemption ruling in June 1967, 59 years ago. 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 June 2023, Racine Arts Council Inc reported income of $85k and spending of $116k, spending 136% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $84k to $85k (+1.5%), an average of +1.5% a year. Over the whole period it spent 107% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Racine Arts Council Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 30th percentile within WI. Charities of a similar size with the same main cause include Spiral Q Puppet Theater ($85k), Stow Community Chest Incorporated ($85k) and PTA Texas Congress ($85k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 73% and program service revenue 22% of the total. At year end it held assets of $46k against liabilities of $311, net assets of $46k.