Historic Arnolds Park Inc

Analysis

Historic Arnolds Park Inc is a registered charity in United States, based in Arnolds Park, IA. It received its IRS tax-exemption ruling in August 1984, 42 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 December 2023, Historic Arnolds Park Inc reported income of $12.5m and spending of $11.9m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $16.8m to $12.5m (-26%), an average of -7.1% a year. The sharpest change came in the year to December 2020, when income dropped by 31%. Over the whole period it spent 71% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Historic Arnolds Park Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within IA. Charities of a similar size with the same main cause include Museum of Discovery and Science Inc ($12.5m), Florida Studio Theatre Inc ($12.5m) and Flint Cultural Center Foundation ($12.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $3.9m (33% of expenses). Other salaries and wages came to $7,522. At year end it held assets of $50.1m against liabilities of $5.0m, net assets of $45.1m. It reported 298 employees.