Southwest Minnesota Arts Council

Analysis

Southwest Minnesota Arts Council is a registered charity in United States, based in Marshall, MN. It received its IRS tax-exemption ruling in January 1975, 51 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 2024, Southwest Minnesota Arts Council reported income of $1.1m and spending of $1.1m, spending 100% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $865k to $1.1m (+28%), an average of +6.3% a year. The sharpest change came in the year to June 2022, when income rose by 24%. 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, Southwest Minnesota Arts Council sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within MN. Charities of a similar size with the same main cause include Washington West African Center ($1.1m), Gulfshore Opera Inc ($1.1m) and Center for Kashmir Inc ($1.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 97% of the total. Other salaries and wages came to $218k. At year end it held assets of $550k against liabilities of $100k, net assets of $451k. It reported 4 employees.