Arts Midwest

Analysis

Arts Midwest is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in August 1973, 53 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 June 2024, Arts Midwest reported income of $7.3m and spending of $6.5m, spending 88% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $7.1m to $7.3m (+3.4%), an average of +0.7% a year. The sharpest change came in the year to June 2020, when income rose by 58%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Arts Midwest sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within MN. Charities of a similar size with the same main cause include Electrochemical Society Inc ($7.3m), Nashville Public Radio ($7.3m) and The Brooklyn Queens Conservatory of Music ($7.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 89% and program service revenue 5.3% of the total. Compensation of current officers, directors and key employees was $439k (6.8% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $14.7m against liabilities of $2.1m, net assets of $12.6m. It reported 27 employees.