Desoto Arts Council

Analysis

Desoto Arts Council is a registered charity in United States, based in Hernando, MS. It received its IRS tax-exemption ruling in September 1999, 27 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 December 2023, Desoto Arts Council reported income of $125k and spending of $154k, spending 124% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $80k to $125k (+55%), an average of +55% a year. The sharpest change came in the year to December 2023, when income rose by 55%. Over the whole period it spent 145% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Desoto Arts Council sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 44th percentile within MS. Charities of a similar size with the same main cause include Streatorland Historical Society Inc ($124k), Argyle Free Library Association ($125k) and Grand Rapids African American Museum and Archives ($124k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 35% of the total. At year end it held assets of $69k against liabilities of $0, net assets of $69k.