Eau Claire Confluence Arts Inc

Analysis

Eau Claire Confluence Arts Inc is a registered charity in United States, based in Eau Claire, WI. It received its IRS tax-exemption ruling in February 2015, 11 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, Eau Claire Confluence Arts Inc reported income of $1.6m and spending of $3.0m, spending 186% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $6.4m to $1.6m (-75%), an average of -29% a year. The sharpest change came in the year to December 2021, when income dropped by 39%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Eau Claire Confluence Arts Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within WI. Charities of a similar size with the same main cause include Baltimore Clayworks Inc ($1.6m), Hollywood Art and Culture Center Inc ($1.6m) and Bffoundation ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 48% of the total. At year end it held assets of $50.6m against liabilities of $21.0m, net assets of $29.6m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.