Artesia Arts Council Inc

Analysis

Artesia Arts Council Inc is a registered charity in United States, based in Artesia, NM. It received its IRS tax-exemption ruling in June 1975, 51 years ago. 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 2023, Artesia Arts Council Inc reported income of $333k and spending of $700k, spending 210% of what it took in. Across the 6 years on record, from April 2019 to June 2023, income fell from $478k to $333k (-30%), an average of -7.0% a year. The sharpest change came in the year to June 2022, when income rose by 828%. Over the whole period it spent 154% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Artesia Arts Council Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 61st percentile within NM. Charities of a similar size with the same main cause include Dunedin Museum Inc ($333k), Womens Foundation of Genesee Valley Inc ($333k) and Rusk Cares-The Good Samaritan ($333k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 81% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $52k (7.4% of expenses). Other salaries and wages came to $61k. At year end it held assets of $3.9m against liabilities of $121k, net assets of $3.8m. It reported 4 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.