Perham Center for the Arts

Analysis

Perham Center for the Arts is a registered charity in United States, based in Perham, MN. It received its IRS tax-exemption ruling in April 2013, 13 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Perham Center for the Arts reported income of $319k and spending of $91k, leaving 72% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $576k to $319k (-45%), an average of -45% a year. The sharpest change came in the year to December 2023, when income dropped by 45%. Over the whole period it spent 17% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Perham Center for the Arts 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 Art As Healing Foundation Incorporated ($319k), MFDP SF ($319k) and Hollywood Sign Trust ($319k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% of the total. Other salaries and wages came to $13k. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m. It reported 2 employees.