Grand Prairie Art Council Inc

Analysis

Grand Prairie Art Council Inc is a registered charity in United States, based in Stuttgart, AR. It received its IRS tax-exemption ruling in March 1968, 58 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 June 2024, Grand Prairie Art Council Inc reported income of $114k and spending of $93k, spending 82% of its income. Across the 3 years on record, from June 2022 to June 2024, income grew from $105k to $114k (+8.4%), an average of +4.1% a year. The sharpest change came in the year to June 2024, when income rose by 70%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Grand Prairie Art Council Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 39th percentile within AR. Charities of a similar size with the same main cause include Crockett County Historical Scientific and Museum Society ($114k), Niagara Foundation ($114k) and Gracism Global Inc ($113k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 74% and program service revenue 25% of the total. At year end it held assets of $103k against liabilities of $1,836, net assets of $101k.