Yankton Area Arts Association

Analysis

Yankton Area Arts Association is a registered charity in United States, based in Yankton, SD. It received its IRS tax-exemption ruling in December 1975, 51 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 January 2024, Yankton Area Arts Association reported income of $104k and spending of $121k, spending 116% of what it took in. Across the 2 years on record, from January 2023 to January 2024, income fell from $125k to $104k (-17%), an average of -17% a year. The sharpest change came in the year to January 2024, when income dropped by 17%. Over the whole period it spent 108% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Yankton Area Arts Association sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 33rd percentile within SD. Charities of a similar size with the same main cause include Instruments of Change Inc ($104k), Box13 Artspace ($104k) and Fair Observer ($104k).

On its Form 990-EZ for the period ending January 2024, revenue came from contributions and grants 62% and program service revenue 26% of the total. At year end it held assets of $126k against liabilities of $1,235, net assets of $125k.