The Arrowhead Regional Arts Council

Analysis

The Arrowhead Regional Arts Council is a registered charity in United States, based in Duluth, MN. It received its IRS tax-exemption ruling in October 1979, 47 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 2023, The Arrowhead Regional Arts Council reported income of $1.2m and spending of $1.1m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $934k to $1.2m (+29%), an average of +6.7% a year. The sharpest change came in the year to June 2022, when income rose by 75%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Arrowhead Regional Arts Council sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within MN. Charities of a similar size with the same main cause include Los Cenzontles Mexican Arts Center ($1.2m), Virginia Musical Theatre Inc ($1.2m) and Northeast Indiana Public Radio Inc ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $91k (8.2% of expenses). Other salaries and wages came to $211k. At year end it held assets of $303k against liabilities of $83k, net assets of $220k. It reported 9 employees.