Northwest Michigan Arts and Culture Network

Analysis

Northwest Michigan Arts and Culture Network is a registered charity in United States, based in Traverse City, MI. It received its IRS tax-exemption ruling in December 2018, 8 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 September 2024, Northwest Michigan Arts and Culture Network reported income of $189k and spending of $225k, spending 119% of what it took in. Across the 6 years on record, from September 2019 to September 2024, income grew from $34k to $189k (+449%), an average of +41% a year. The sharpest change came in the year to September 2020, when income rose by 200%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Northwest Michigan Arts and Culture Network sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 52nd percentile within MI. Charities of a similar size with the same main cause include Radio Club of America Inc ($189k), Southwest Judges Network ($189k) and Bird & Beckett Cultural Legacy Project ($189k).

On its Form 990 for the period ending September 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $45k (20% of expenses). Other salaries and wages came to $31k. At year end it held assets of $77k against liabilities of $3,997, net assets of $73k.