Hannibal Arts Council

Analysis

Hannibal Arts Council is a registered charity in United States, based in Hannibal, MO. It received its IRS tax-exemption ruling in January 1976, 50 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 2024, Hannibal Arts Council reported income of $259k and spending of $239k, spending 92% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $125k to $259k (+108%), an average of +20% a year. The sharpest change came in the year to June 2021, when income rose by 349%. Over the whole period it spent 63% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hannibal Arts Council sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 56th percentile within MO. Charities of a similar size with the same main cause include Penn Gardens Inc ($259k), New Castle Historical Society ($259k) and Kalispell Legion Baseball Association ($259k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 52% and program service revenue 39% of the total. Other salaries and wages came to $114k. At year end it held assets of $993k against liabilities of $1,692, net assets of $991k. It reported 6 employees.