Springfield Regional Arts Council

Analysis

Springfield Regional Arts Council is a registered charity in United States, based in Springfield, MO. It received its IRS tax-exemption ruling in July 1981, 45 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 2023, Springfield Regional Arts Council reported income of $808k and spending of $742k, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $594k to $808k (+36%), an average of +8.0% a year. The sharpest change came in the year to June 2021, when income rose by 19%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Springfield Regional Arts Council sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 75th percentile within MO. Charities of a similar size with the same main cause include The Carroll Shelby Foundation ($808k), Habitat for Humanity of El Paso ($808k) and Manhattan Sephardic Congregation ($808k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 52% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $81k (11% of expenses). Other salaries and wages came to $161k. At year end it held assets of $1.2m against liabilities of $22k, net assets of $1.2m. It reported 9 employees.