Atchison Art Association

Analysis

Atchison Art Association is a registered charity in United States, based in Atchison, KS. It received its IRS tax-exemption ruling in March 1966, 60 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, Atchison Art Association reported income of $180k and spending of $167k, spending 92% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $291k to $180k (-38%), an average of -15% a year. The sharpest change came in the year to December 2023, when income dropped by 58%. Over the whole period it spent 46% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Atchison Art Association sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 50th percentile within KS. Charities of a similar size with the same main cause include Y W C a Foundation of Greater Lafayette Inc ($180k), Colorado Council on High School-College Relations ($180k) and Cedar Corporation ($180k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 7.1% of the total. Compensation of current officers, directors and key employees was $82k (49% of expenses). At year end it held assets of $797k against liabilities of $0, net assets of $797k. It reported 9 employees.