Chatfield Center for the Arts Inc

Analysis

Chatfield Center for the Arts Inc is a registered charity in United States, based in Chatfield, MN. It received its IRS tax-exemption ruling in April 2012, 14 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, Chatfield Center for the Arts Inc reported income of $317k and spending of $324k, spending 102% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $263k to $317k (+20%), an average of +3.8% a year. The sharpest change came in the year to December 2021, when income rose by 38%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Chatfield Center for the Arts Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 61st percentile within MN. Charities of a similar size with the same main cause include Underworld Opera Company ($317k), Esselen Tribe of Monterey County ($317k) and Womens Suffrage National Monument Foundation ($317k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $8,846 (2.7% of expenses). Other salaries and wages came to $62k. At year end it held assets of $229k against liabilities of $2,051, net assets of $227k. It reported 3 employees.