Region 2 Arts Council

Analysis

Region 2 Arts Council is a registered charity in United States, based in Bemidji, MN. It received its IRS tax-exemption ruling in November 1982, 44 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, Region 2 Arts Council reported income of $479k and spending of $572k, spending 119% of what it took in. Across the 4 years on record, from June 2019 to June 2023, income fell from $515k to $479k (-7.0%), an average of -2.4% a year. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Region 2 Arts Council sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within MN. Charities of a similar size with the same main cause include Glyndebourne America Inc ($479k), Diamano Coura West African Dance Co ($479k) and Blackstone River Valley National Heritage Corridor Inc ($479k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $64k (11% of expenses). Other salaries and wages came to $77k. At year end it held assets of $160k against liabilities of $96k, net assets of $64k. It reported 4 employees.