Minot Area Council of the Arts Incorporated

Analysis

Minot Area Council of the Arts Incorporated is a registered charity in United States, based in Minot, ND. It received its IRS tax-exemption ruling in March 1978, 48 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, Minot Area Council of the Arts Incorporated reported income of $482k and spending of $416k, spending 86% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $231k to $482k (+109%), an average of +109% a year. The sharpest change came in the year to June 2023, when income rose by 109%. Over the whole period it spent 79% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Minot Area Council of the Arts Incorporated sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 66th percentile within ND. Charities of a similar size with the same main cause include Four Winds of Indian Education ($482k), Columbus Charities ($482k) and Gospel Revivals Inc ($482k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 4.8% of the total. Compensation of current officers, directors and key employees was $66k (16% of expenses). At year end it held assets of $442k against liabilities of $18k, net assets of $423k. It reported 1 employees.