New York Mills Arts Retreat

Analysis

New York Mills Arts Retreat is a registered charity in United States, based in New York MLS, MN. It received its IRS tax-exemption ruling in September 1991, 35 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 December 2023, New York Mills Arts Retreat reported income of $396k and spending of $282k, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $57k to $396k (+589%), an average of +62% a year. The sharpest change came in the year to December 2020, when income rose by 364%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, New York Mills Arts Retreat sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within MN. Charities of a similar size with the same main cause include Invisible Theatre ($396k), Preserving Christian Publications Inc ($396k) and Antique and Classic Boat Society Inc ($396k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 9.5% of the total. Compensation of current officers, directors and key employees was $54k (19% of expenses). Other salaries and wages came to $77k. At year end it held assets of $383k against liabilities of $38k, net assets of $345k. It reported 11 employees.