Ludington Area Arts Council

Analysis

Ludington Area Arts Council is a registered charity in United States, based in Ludington, MI. It received its IRS tax-exemption ruling in September 2004, 22 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, Ludington Area Arts Council reported income of $347k and spending of $384k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $196k to $347k (+77%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ludington Area Arts Council sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within MI. Charities of a similar size with the same main cause include Ballet Etudes of South Florida Inc ($347k), Carroll Show Choir Boosters Inc ($347k) and Space One Eleven Inc ($347k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $65k (17% of expenses). Other salaries and wages came to $76k. At year end it held assets of $771k against liabilities of $20k, net assets of $751k. It reported 4 employees.