Duluth Art Institute Association

Analysis

Duluth Art Institute Association is a registered charity in United States, based in Duluth, MN. It received its IRS tax-exemption ruling in July 1961, 65 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, Duluth Art Institute Association reported income of $604k and spending of $560k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $456k to $604k (+33%), an average of +7.3% a year. The sharpest change came in the year to December 2023, when income rose by 36%. Over the whole period it spent 105% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Duluth Art Institute Association sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within MN. Charities of a similar size with the same main cause include Playful People Productions ($604k), Russell J Efros Foundation Inc ($605k) and National Food and Beverage Foundation ($604k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $83k (15% of expenses). Other salaries and wages came to $150k. At year end it held assets of $458k against liabilities of $163k, net assets of $294k. It reported 10 employees.