Ironwood Downtown Art Place Inc

Analysis

Ironwood Downtown Art Place Inc is a registered charity in United States, based in Ironwood, MI. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, Ironwood Downtown Art Place Inc reported income of $82k and spending of $51k, leaving 38% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $70k to $82k (+17%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 64% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ironwood Downtown Art Place 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 32nd percentile, and in the 31st percentile within MI. Charities of a similar size with the same main cause include PTA Florida Congress ($82k), Englewood Volunteer Ambulance Corps ($82k) and Lumberton Band Boosters Inc ($82k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 48% of the total. At year end it held assets of $229k against liabilities of $3,666, net assets of $226k.