Bowlus Fine Arts and Cultural Center Trust

Analysis

Bowlus Fine Arts and Cultural Center Trust is a registered charity in United States, based in Iola, KS. It received its IRS tax-exemption ruling in March 1984, 42 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Bowlus Fine Arts and Cultural Center Trust reported income of $685k and spending of $1.0m, spending 147% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $865k to $685k (-21%), an average of -5.7% a year. The sharpest change came in the year to June 2023, when income dropped by 20%. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Bowlus Fine Arts and Cultural Center Trust sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within KS. Charities of a similar size with the same main cause include Man 2 Man Fatherhood Initiative of Marlboro County ($685k), Chief Joseph Days Rodeo Inc ($685k) and Celebration Productions Corporation ($684k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 78% and program service revenue 20% of the total. Other salaries and wages came to $260k. At year end it held assets of $2.6m against liabilities of $0, net assets of $2.6m.