Charles City Arts Council

Analysis

Charles City Arts Council is a registered charity in United States, based in Charles City, IA. It received its IRS tax-exemption ruling in January 1966, 60 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Charles City Arts Council reported income of $115k and spending of $103k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $61k to $115k (+89%), an average of +17% a year. The sharpest change came in the year to December 2021, when income rose by 113%. Over the whole period it spent 110% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Charles City Arts Council sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 40th percentile within IA. Charities of a similar size with the same main cause include American Chinese Academy Inc ($115k), Hooley Booster Club Inc ($115k) and Cahokia Mounds Museum Society ($115k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 25% of the total. Other salaries and wages came to $12k. At year end it held assets of $555k against liabilities of $0, net assets of $555k. It reported 2 employees.