Annandale Art and Textile Center

Analysis

Annandale Art and Textile Center is a registered charity in United States, based in Annandale, MN. It received its IRS tax-exemption ruling in July 2020, 6 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, Annandale Art and Textile Center reported income of $271k and spending of $259k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $168k to $271k (+62%), an average of +62% a year. The sharpest change came in the year to December 2023, when income rose by 62%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Annandale Art and Textile Center sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 59th percentile within MN. Charities of a similar size with the same main cause include Loudoun Laurels ($271k), Leelanau Historical Society ($271k) and Puget Sound Access ($271k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 35% of the total. Other salaries and wages came to $143k. At year end it held assets of $46k against liabilities of $14k, net assets of $32k.