Great River Arts Association

Analysis

Great River Arts Association is a registered charity in United States, based in Little Falls, MN. It received its IRS tax-exemption ruling in March 1995, 31 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 August 2023, Great River Arts Association reported income of $196k and spending of $233k, spending 119% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $264k to $196k (-26%), an average of -7.2% a year. The sharpest change came in the year to August 2020, when income dropped by 21%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Great River Arts Association sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 52nd percentile within MN. Charities of a similar size with the same main cause include Independent Montefiore Shelter Home ($196k), United Way of Lee County Inc ($196k) and S E a Crusades ($196k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 29% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $42k (18% of expenses). Other salaries and wages came to $48k. At year end it held assets of $276k against liabilities of $126k, net assets of $150k. It reported 4 employees.