Nemeth Art Center Inc

Analysis

Nemeth Art Center Inc is a registered charity in United States, based in Park Rapids, MN. It received its IRS tax-exemption ruling in March 1978, 48 years ago. 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 November 2023, Nemeth Art Center Inc reported income of $112k and spending of $109k, spending 97% of its income. Across the 2 years on record, from November 2022 to November 2023, income grew from $101k to $112k (+10%), an average of +10% a year. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Nemeth Art Center Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 37th percentile within MN. Charities of a similar size with the same main cause include Water Resources Association of the Delaware River Basin ($112k), Portland Folklore Society ($112k) and Madonna House of Northern Ky Inc ($112k).

On its Form 990-EZ for the period ending November 2023, revenue came from contributions and grants 72% and program service revenue 28% of the total. At year end it held assets of $39k against liabilities of $2,696, net assets of $36k.