Arts, Culture & Humanities
(A51I)
IRS Verified
DX Registered
990 on File
SPRINGFIELD ART ASSOCIATION OF EDWARDS PLACE
Financial strength (30%)
80/100
Reliability (20%)
55/100
Effectiveness (25%)
87/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Mission Statement
The Springfield Art Association (SAA) a community based, non-profit organization, promotes and supports the visual arts, provides art education opportunities for the greater central Illinois area, and preserves and interprets historic Edwards Place and the collections of the SAA.
Financial Overview — FY 2024
$734K
Total Revenue
$744K
Total Expenses
$1.7M
Net Assets
40
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
73.2%
Fundraising Efficiency
39.5%
Operating Reserve
26.82x
Liability-to-Asset
4.9%
Revenue Diversification
41.5%
Compared with Peers
FY 2024
Compared with 12,711 similar organizations
(United States, Arts, Culture & Humanities, $100K–$1M in expenses), FY 2024.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
73.2% | 82.0% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
21.4% | 14.1% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
5.4% | 0.0% |
P10P90
|
Bottom quarter |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
39.5% | 28.2% |
P10P90
|
Below median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
26.8 mo | 9.8 mo |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
4.9% | 1.8% |
P10P90
|
Below median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
41.5% | 79.8% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
-32.9% | 8.1% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-40.8% | 8.8% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-1.3% | 1.5% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $734K | $744K | $1.7M | 73.2% | 40 |
| 2023 | $1.1M | $1.3M | $2.0M | 72.7% | 46 |
| 2022 | $1.7M | $1.6M | $2.2M | 82.7% | 38 |
| 2021 | $998K | $851K | N/A | — | 39 |
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