Owatonna Arts Council

Analysis

Owatonna Arts Council is a registered charity in United States, based in Owatonna, MN. It received its IRS tax-exemption ruling in December 1974, 52 years ago. 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 August 2024, Owatonna Arts Council reported income of $173k and spending of $146k, spending 84% of its income. Across the 6 years on record, from August 2019 to August 2024, income grew from $153k to $173k (+13%), an average of +2.5% a year. The sharpest change came in the year to August 2023, when income rose by 67%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Owatonna Arts Council sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 49th percentile within MN. Charities of a similar size with the same main cause include Waupun Hockey Association Inc ($173k), PTA California Congress of Parents Teachers & Students Inc ($173k) and National Junior Basketball ($173k).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 79% and program service revenue 21% of the total. Other salaries and wages came to $79k. At year end it held assets of $174k against liabilities of $0, net assets of $174k.