Aitkin County Friends of the Arts

Analysis

Aitkin County Friends of the Arts is a registered charity in United States, based in Aitkin, MN. It received its IRS tax-exemption ruling in March 1987, 39 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Aitkin County Friends of the Arts reported income of $248k and spending of $72k, leaving 71% of income unspent that year. Across the 2 years on record, from September 2022 to September 2023, income grew from $156k to $248k (+60%), an average of +60% a year. The sharpest change came in the year to September 2023, when income rose by 60%. Over the whole period it spent 54% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Aitkin County Friends of the Arts sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 57th percentile within MN. Charities of a similar size with the same main cause include Utopia Volunteer Fire Department Inc ($248k), President Andrew Jackson Manor ($248k) and Oregon Values and Beliefs Center ($248k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 77% and program service revenue 23% of the total. At year end it held assets of $202k against liabilities of $0, net assets of $202k.