Rum River Art Center Inc

Analysis

Rum River Art Center Inc is a registered charity in United States, based in Anoka, MN. It received its IRS tax-exemption ruling in June 2016, 10 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, Rum River Art Center Inc reported income of $526k and spending of $494k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $221k to $526k (+138%), an average of +24% a year. The sharpest change came in the year to December 2022, when income rose by 37%. 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, Rum River Art Center Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within MN. Charities of a similar size with the same main cause include North Cuyahoga Valley Corridor Inc ($526k), Climate Science Legal Defense Fund ($526k) and Breckenridge Film Festival ($526k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $141k (28% of expenses). Other salaries and wages came to $137k. At year end it held assets of $234k against liabilities of $45k, net assets of $190k. It reported 23 employees.