Blue River Arts Council Inc

Analysis

Blue River Arts Council Inc is a registered charity in United States, based in Crete, NE. It received its IRS tax-exemption ruling in February 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 (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, Blue River Arts Council Inc reported income of $650k and spending of $29k, leaving 96% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $239k to $650k (+172%), an average of +65% a year. The sharpest change came in the year to December 2023, when income rose by 190%. Over the whole period it spent 25% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Blue River Arts Council Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within NE. Charities of a similar size with the same main cause include Virginia Ballet Company and School ($650k), Kansas State Historical Society ($650k) and Preservation Society of Asheville and Buncombe County Inc ($650k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 2.0% of the total. Compensation of current officers, directors and key employees was $2,587 (8.9% of expenses). At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.