Gunnison Council for the Arts Inc

Analysis

Gunnison Council for the Arts Inc is a registered charity in United States, based in Gunnison, CO. It received its IRS tax-exemption ruling in August 1984, 42 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, Gunnison Council for the Arts Inc reported income of $824k and spending of $435k, leaving 47% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $668k to $824k (+23%), an average of +5.4% a year. The sharpest change came in the year to December 2020, when income rose by 19%. Over the whole period it spent 49% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Gunnison Council for the Arts Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 75th percentile within CO. Charities of a similar size with the same main cause include Project Liberty Ship Inc ($823k), Nebraska Art Association ($824k) and European Cultural Centre-Usa Inc ($823k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 22% of the total. Other salaries and wages came to $164k. At year end it held assets of $3.0m against liabilities of $58k, net assets of $3.0m. It reported 10 employees.