Russell Arts Council Inc

Analysis

Russell Arts Council Inc is a registered charity in United States, based in Russell, KS. It received its IRS tax-exemption ruling in January 1977, 49 years ago. 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, Russell Arts Council Inc reported income of $96k and spending of $89k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $61k to $96k (+57%), an average of +57% a year. The sharpest change came in the year to December 2023, when income rose by 57%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Russell Arts Council Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 34th percentile within KS. Charities of a similar size with the same main cause include Lincoln-Sudbury All Sports Boosters Club Inc ($96k), St Anthony Trust of Hartford Inc ($96k) and Pop Warner Little Scholars Inc ($96k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 37% of the total. At year end it held assets of $453k against liabilities of $0, net assets of $453k.