Alexandria Area Arts Association Inc

Analysis

Alexandria Area Arts Association Inc is a registered charity in United States, based in Alexandria, MN. It received its IRS tax-exemption ruling in December 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 August 2023, Alexandria Area Arts Association Inc reported income of $603k and spending of $509k, spending 84% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $478k to $603k (+26%), an average of +6.0% a year. The sharpest change came in the year to August 2022, when income rose by 70%. Over the whole period it spent 77% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Alexandria Area Arts Association Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within MN. Charities of a similar size with the same main cause include J Lewis Crozer Library ($603k), United Way of Aroostook ($603k) and Northern Illinois Justice for Our Neighbors ($603k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 18% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $55k (11% of expenses). Other salaries and wages came to $91k. At year end it held assets of $1.0m against liabilities of $3,855, net assets of $1.0m. It reported 6 employees.