Rocky Mountain Arts Association

Analysis

Rocky Mountain Arts Association is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in October 1983, 43 years ago. 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 July 2023, Rocky Mountain Arts Association reported income of $766k and spending of $779k, spending 102% of its income. Across the 4 years on record, from July 2020 to July 2023, income grew from $690k to $766k (+11%), an average of +3.5% a year. Over the whole period it spent 77% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rocky Mountain Arts Association sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 74th percentile within CO. Charities of a similar size with the same main cause include The Outdoor Art Club ($766k), Aerospace Heritage Foundation of Utah Inc ($766k) and Young Mens Christian Association ($766k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 57% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $79k (10% of expenses). Other salaries and wages came to $144k. At year end it held assets of $766k against liabilities of $17k, net assets of $749k. It reported 4 employees.