Great Lakes Center for the Arts

Analysis

Great Lakes Center for the Arts is a registered charity in United States, based in Bay Harbor, MI. It received its IRS tax-exemption ruling in February 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, Great Lakes Center for the Arts reported income of $11.2m and spending of $4.6m, leaving 58% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.2m to $11.2m (+251%), an average of +37% a year. The sharpest change came in the year to December 2021, when income rose by 169%. Over the whole period it spent 74% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Great Lakes Center for the Arts sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within MI. Charities of a similar size with the same main cause include Society for Advancement of Chicanos & Native Americans in Science Inc ($11.2m), Vietnam Veterans Memorial Fund Inc ($11.2m) and Foundation for the New Jersey Hall of Fame Inc ($11.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 7.4% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $43.0m against liabilities of $3.0m, net assets of $40.0m. It reported 40 employees.