Five Wings Arts Council

Analysis

Five Wings Arts Council is a registered charity in United States, based in Staples, MN. It received its IRS tax-exemption ruling in March 2001, 25 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, Five Wings Arts Council reported income of $632k and spending of $818k, spending 129% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $595k to $632k (+6.3%), an average of +1.5% a year. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Five Wings Arts Council sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within MN. Charities of a similar size with the same main cause include Appalachian Ballet Company ($632k), LT Michael P Murphy Navy Seal Museum ($632k) and Gramercy Park Block Association Inc ($632k).

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 $86k (10% of expenses). Other salaries and wages came to $45k. At year end it held assets of $101k against liabilities of $98k, net assets of $3,373. It reported 2 employees.