Shell Lake Arts Center Inc

Analysis

Shell Lake Arts Center Inc is a registered charity in United States, based in Shell Lake, WI. It received its IRS tax-exemption ruling in August 1968, 58 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Shell Lake Arts Center Inc reported income of $718k and spending of $537k, leaving 25% of income unspent that year. Across the 6 years on record, from September 2019 to December 2023, income grew from $554k to $718k (+30%), an average of +5.3% a year. The sharpest change came in the year to December 2022, when income rose by 1969%. Over the whole period it spent 90% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Shell Lake Arts Center Inc sits at the 73rd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within WI. Charities of a similar size with the same main cause include Linn County Fair Association ($718k), Southern Maine Finance Agency ($719k) and Long Beach Forward Inc ($718k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $36k (6.8% of expenses). Other salaries and wages came to $188k. At year end it held assets of $606k against liabilities of $53k, net assets of $554k. It reported 101 employees.