Arkansas City Area Arts Council Inc

Analysis

Arkansas City Area Arts Council Inc is a registered charity in United States, based in Arkansas City, KS. It received its IRS tax-exemption ruling in February 1979, 47 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 June 2024, Arkansas City Area Arts Council Inc reported income of $450k and spending of $432k, spending 96% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $334k to $450k (+35%), an average of +7.7% a year. The sharpest change came in the year to June 2021, when income rose by 124%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Arkansas City Area Arts Council Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 69th percentile within KS. Charities of a similar size with the same main cause include The California Patrons of the Arts in the Vatican Museums ($450k), Northern Lights Music Festival ($450k) and Cultural Arts Council Douglasville Douglas County ($450k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 75% and program service revenue 14% of the total. Other salaries and wages came to $27k. At year end it held assets of $5.8m against liabilities of -$265, net assets of $5.8m. It reported 1 employees.