Grinnell Area Arts Council

Analysis

Grinnell Area Arts Council is a registered charity in United States, based in Grinnell, IA. It received its IRS tax-exemption ruling in June 1980, 46 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 September 2023, Grinnell Area Arts Council reported income of $442k and spending of $308k, leaving 30% of income unspent that year. Across the 4 years on record, from September 2020 to September 2023, income fell from $484k to $442k (-8.6%), an average of -2.9% a year. The sharpest change came in the year to September 2023, when income rose by 527%. Over the whole period it spent 63% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Grinnell Area Arts Council sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 71st percentile within IA. Charities of a similar size with the same main cause include Afton Alps Alpine Club ($442k), White Stone Project Inc ($442k) and Trustees of Purdue University ($442k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 40% and program service revenue 30% of the total. Other salaries and wages came to $82k. At year end it held assets of $1.7m against liabilities of $14k, net assets of $1.7m. It reported 8 employees.