The Jaques Art Center

Analysis

The Jaques Art Center is a registered charity in United States, based in Aitkin, MN. It received its IRS tax-exemption ruling in November 1995, 31 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, The Jaques Art Center reported income of $81k and spending of $111k, spending 137% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $65k to $81k (+24%), an average of +5.6% a year. The sharpest change came in the year to December 2021, when income rose by 124%. Over the whole period it spent 100% 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 Jaques Art Center sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 28th percentile within MN. Charities of a similar size with the same main cause include Fountain Inn High School Band of Fury Booster Club ($81k), Burritt Museum Foundation Inc ($81k) and Chorale Acadienne Inc ($81k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% and program service revenue 2.5% of the total. Compensation of current officers, directors and key employees was $14k (12% of expenses). Other salaries and wages came to $13k. At year end it held assets of $741k against liabilities of $1,471, net assets of $739k. It reported 7 employees.