Art Center Association of Sioux City

Analysis

Art Center Association of Sioux City is a registered charity in United States, based in Sioux City, IA. It received its IRS tax-exemption ruling in February 1955, 71 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 June 2024, Art Center Association of Sioux City reported income of $736k and spending of $509k, leaving 31% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income fell from $853k to $736k (-14%), an average of -3.6% a year. The sharpest change came in the year to June 2024, when income rose by 39%. Over the whole period it spent 73% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Art Center Association of Sioux City sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 78th percentile within IA. Charities of a similar size with the same main cause include The Way to Happiness Foundation International ($736k), Golden Valley Manor Inc ($736k) and Boy Scouts of America ($736k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 53% and program service revenue 6.5% of the total. Other salaries and wages came to $201k. At year end it held assets of $7.7m against liabilities of $63k, net assets of $7.7m. It reported 6 employees.