North Topeka Arts District Inc

Analysis

North Topeka Arts District Inc is a registered charity in United States, based in Topeka, KS. It received its IRS tax-exemption ruling in February 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 (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, North Topeka Arts District Inc reported income of $377k and spending of $457k, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.4m to $377k (-73%), an average of -28% a year. The sharpest change came in the year to December 2022, when income rose by 175%. Over the whole period it spent 72% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, North Topeka Arts District Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within KS. Charities of a similar size with the same main cause include Gatewood Martin Mansion Foundation ($377k), Studio Montclair Inc ($377k) and Oregon Black Pioneers Corporation ($377k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $97k (21% of expenses). Other salaries and wages came to $150k. At year end it held assets of $1.1m against liabilities of $81k, net assets of $998k. It reported 6 employees.