Nappanee Arts Council Inc

Analysis

Nappanee Arts Council Inc is a registered charity in United States, based in Nappanee, IN. It received its IRS tax-exemption ruling in June 2019, 7 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 December 2023, Nappanee Arts Council Inc reported income of $56k and spending of $64k, spending 115% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $78k to $56k (-29%), an average of -29% a year. The sharpest change came in the year to December 2023, when income dropped by 29%. Over the whole period it spent 147% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Nappanee Arts Council Inc sits at the 25th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 19th percentile within IN. Charities of a similar size with the same main cause include Story Preservation Initiative ($56k), Vocal Pride Foundation ($56k) and Friendly Sons of St Patrick of New Bedford Inc ($56k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $12k against liabilities of $0, net assets of $12k.