Austin Area Commission for the Arts Inc

Analysis

Austin Area Commission for the Arts Inc is a registered charity in United States, based in Austin, MN. It received its IRS tax-exemption ruling in September 1995, 31 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Austin Area Commission for the Arts Inc reported income of $459k and spending of $598k, spending 130% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $468k to $459k (-1.9%), an average of -0.5% a year. The sharpest change came in the year to December 2020, when income rose by 50%. Over the whole period it spent 100% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Austin Area Commission for the Arts Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within MN. Charities of a similar size with the same main cause include Rancho Santa Fe Foundation Charitable Special Assets Fund ($459k), The Battier Take Charge Foundation Inc ($460k) and Indiana Donation Alliance Foundation Inc ($458k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $78k (13% of expenses). Other salaries and wages came to $138k. At year end it held assets of $2.5m against liabilities of $344k, net assets of $2.2m. It reported 11 employees.