Mitchell Street Arts Collaborative Incorporated

Analysis

Mitchell Street Arts Collaborative Incorporated is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in August 2022, 4 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, Mitchell Street Arts Collaborative Incorporated reported income of $338k and spending of $323k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $161k to $338k (+110%), an average of +110% a year. The sharpest change came in the year to December 2023, when income rose by 110%. Over the whole period it spent 71% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Mitchell Street Arts Collaborative Incorporated sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within WI. Charities of a similar size with the same main cause include Community Arts & Empowerment ($338k), The Piqua Arts Council ($338k) and International Society for CNS Drug Development Inc ($338k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 5.8% of the total. Compensation of current officers, directors and key employees was $34k (10% of expenses). Other salaries and wages came to $29k. At year end it held assets of $144k against liabilities of $600, net assets of $143k. It reported 3 employees.