Augustana Arts Inc

Analysis

Augustana Arts Inc is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in October 1997, 29 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 June 2024, Augustana Arts Inc reported income of $218k and spending of $231k, spending 106% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $256k to $218k (-15%), an average of -3.1% a year. The sharpest change came in the year to June 2021, when income dropped by 17%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Augustana Arts Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 52nd percentile within CO. Charities of a similar size with the same main cause include Boston Dragon Boat Festival Inc ($218k), Bristol Trainstation Foundation ($218k) and Port Discover Northeastern North Carolinas Center for Hands on Scie ($218k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 88% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $65k (28% of expenses). Other salaries and wages came to $68k. It paid $15k in professional fundraising fees. At year end it held assets of $86k against liabilities of $2,669, net assets of $84k. It reported 12 employees.