Arts, Culture & Humanities
(A600)
990 on File
ARTS COUNCIL OF MIDLAND
Financial strength (30%)
92/100
Reliability (20%)
55/100
Effectiveness (25%)
78/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Financial Overview — FY 2024
$699K
Total Revenue
$632K
Total Expenses
$1.0M
Net Assets
4
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
83.3%
Fundraising Efficiency
N/A
Operating Reserve
19.74x
Liability-to-Asset
0.8%
Revenue Diversification
82.5%
Executive Compensation
$105K
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
|
83.3% | 82.0% |
P10P90
|
Above median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
10.1% | 14.1% |
P10P90
|
Above median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
6.7% | 0.0% |
P10P90
|
Bottom quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
19.7 mo | 9.8 mo |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
0.8% | 1.8% |
P10P90
|
Above median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
82.5% | 79.8% |
P10P90
|
Below median |
|
Revenue growth
Year over year revenue growth
|
26.1% | 8.1% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
19.5% | 8.8% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
9.7% | 1.5% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $699K | $632K | $1.0M | 83.3% | 4 |
| 2023 | $554K | $529K | $960K | 72.8% | 3 |
| 2022 | $567K | $449K | $932K | 74.9% | 2 |
| 2021 | $908K | $409K | N/A | — | 3 |
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