Midwest Salute to the Arts

Analysis

Midwest Salute to the Arts is a registered charity in United States, based in Fairview HTS, IL. It received its IRS tax-exemption ruling in August 2007, 19 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending October 2023, Midwest Salute to the Arts reported income of $128k and spending of $115k, spending 90% of its income. Across the 2 years on record, from October 2022 to October 2023, income grew from $60k to $128k (+112%), an average of +112% a year. The sharpest change came in the year to October 2023, when income rose by 112%. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Midwest Salute to the Arts sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 44th percentile within IL. Charities of a similar size with the same main cause include Hebron High School Theatre Boosters ($128k), Doral Contemporary Art Museum Inc ($128k) and North Calais Memorial Hall Association ($128k).

On its Form 990-EZ for the period ending October 2023, revenue came from contributions and grants 74% and program service revenue 26% of the total. At year end it held assets of $36k against liabilities of $0, net assets of $36k.