Jamestown Fine Arts Association Incorporated

Analysis

Jamestown Fine Arts Association Incorporated is a registered charity in United States, based in Jamestown, ND. It received its IRS tax-exemption ruling in July 1982, 44 years ago. 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 June 2023, Jamestown Fine Arts Association Incorporated reported income of $813k and spending of $412k, leaving 49% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $340k to $813k (+139%), an average of +24% a year. The sharpest change came in the year to June 2023, when income rose by 77%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Jamestown Fine Arts Association Incorporated 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 ND. Charities of a similar size with the same main cause include Agape Counseling Associates Inc ($813k), Honor Veterans Now ($813k) and Cache Humane Society ($812k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% and program service revenue 6.3% of the total. Other salaries and wages came to $150k. At year end it held assets of $2.0m against liabilities of $3,338, net assets of $2.0m. It reported 6 employees.