Alma Community Art Center Inc

Analysis

Alma Community Art Center Inc is a registered charity in United States, based in Alma, MI. It received its IRS tax-exemption ruling in July 2014, 12 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, Alma Community Art Center Inc reported income of $71k and spending of $39k, leaving 45% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $55k to $71k (+29%), an average of +29% a year. The sharpest change came in the year to December 2023, when income rose by 29%. Over the whole period it spent 56% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Alma Community Art Center Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 27th percentile within MI. Charities of a similar size with the same main cause include Clark Middle School Cougar Band Boosters ($71k), Recovering Joy Arts and Nature Center Inc ($71k) and Pamlico Musical Society ($71k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 56% of the total. At year end it held assets of $232k against liabilities of $72k, net assets of $161k.