Island Arts Council

Analysis

Island Arts Council is a registered charity in United States, based in Greenbank, WA. It received its IRS tax-exemption ruling in February 1998, 28 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, Island Arts Council reported income of $148k and spending of $150k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $156k to $148k (-5.2%), an average of -5.2% a year. Over the whole period it spent 83% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Island Arts Council sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 43rd percentile within WA. Charities of a similar size with the same main cause include Museum of the Mountain West ($148k), Flatiron Crossroads Inc ($148k) and Global Networks Inc ($148k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 47% and program service revenue 53% of the total. At year end it held assets of $115k against liabilities of $0, net assets of $115k.