Red Wing Art Association

Analysis

Red Wing Art Association is a registered charity in United States, based in Red Wing, MN. It received its IRS tax-exemption ruling in February 1953, 73 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Red Wing Art Association reported income of $819k and spending of $977k, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $246k to $819k (+233%), an average of +35% a year. The sharpest change came in the year to December 2022, when income rose by 135%. Over the whole period it spent 120% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Red Wing Art Association sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 76th percentile within MN. Charities of a similar size with the same main cause include Rotch-Jones-Duff House & Garden Museum Inc ($818k), National Association of Biology Teachers Inc ($819k) and African Studies Association Inc C/O Emory University ($818k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $74k (7.6% of expenses). Other salaries and wages came to $245k. At year end it held assets of $283k against liabilities of $609k, net assets of -$326k. It reported 24 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.