Acansa Arts Festival

Analysis

Acansa Arts Festival is a registered charity in United States, based in North Little Rock, AR. It received its IRS tax-exemption ruling in September 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, Acansa Arts Festival reported income of $258k and spending of $248k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $450k to $258k (-43%), an average of -13% a year. The sharpest change came in the year to December 2021, when income rose by 65%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Acansa Arts Festival sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 60th percentile within AR. Charities of a similar size with the same main cause include Latinos Unidos Y Floreciendo ($258k), North Manitou Light Keepers Inc ($258k) and International Rhythmic Gymnastics and Ballet ($258k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $55k (22% of expenses). At year end it held assets of $84k against liabilities of $1,302, net assets of $83k. It reported 2 employees.