Shreveport Regional Arts Council

Analysis

Shreveport Regional Arts Council is a registered charity in United States, based in Shreveport, LA. It received its IRS tax-exemption ruling in March 1977, 49 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 organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Shreveport Regional Arts Council reported income of $2.8m and spending of $2.2m, leaving 22% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.9m to $2.8m (+52%), an average of +11% a year. The sharpest change came in the year to June 2023, when income rose by 74%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Shreveport Regional Arts Council sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within LA. Charities of a similar size with the same main cause include Queens Theatre in the Park Inc ($2.8m), Pangea Foundation ($2.8m) and Family Life Ministries Inc ($2.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 62% and program service revenue 4.0% of the total. Other salaries and wages came to $317k. At year end it held assets of $4.6m against liabilities of $590k, net assets of $4.0m. It reported 13 employees.