Eureka Springs School of the Arts Inc

Analysis

Eureka Springs School of the Arts Inc is a registered charity in United States, based in Eureka SPGS, AR. It received its IRS tax-exemption ruling in July 2001, 25 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 school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Eureka Springs School of the Arts Inc reported income of $676k and spending of $715k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $873k to $676k (-23%), an average of -6.2% a year. The sharpest change came in the year to December 2020, when income dropped by 60%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Eureka Springs School of the Arts Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 76th percentile within AR. Charities of a similar size with the same main cause include Mississippi National Heritage Area Partnership Inc ($675k), National Mounted Warfare Foundation ($676k) and The California Theatre of Santa Rosa ($675k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $58k (8.1% of expenses). Other salaries and wages came to $226k. At year end it held assets of $1.6m against liabilities of $60k, net assets of $1.6m. It reported 8 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.