Mackinac Arts Council
EIN: 300189164 · Mackinac Island, MI · NTEE: A26
| Metric | Value |
|---|---|
| Total Revenue | $357K |
| Total Expenses | $322K |
| Net Assets | $405K |
Is Mackinac Arts Council Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Mackinac Arts Council
Mackinac Arts Council (EIN: 300189164) is a nonprofit organization based in Mackinac Island, MI, classified under NTEE code A26. The organization reported total revenue of $357K and total assets of $460K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mackinac Arts Council's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mackinac Arts Council is a small nonprofit that has been operating for 22 years, with 11 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of 12.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $358K |
| Total Expenses | $322K |
| Surplus / Deficit | +$36K |
| Total Assets | $426K |
| Total Liabilities | $21K |
| Net Assets | $405K |
| Operating Margin | 10.1% |
| Debt-to-Asset Ratio | 4.9% |
| Months of Reserves | 15.9 months |
Financial Health Grade: A
In 2023, Mackinac Arts Council reported a surplus of $36K with revenue exceeding expenses, holds 15.9 months of operating reserves (strong position), has a debt-to-asset ratio of 4.9% (very low leverage).
Financial Trends
Over 11 years of filings (2013–2023), Mackinac Arts Council's revenue has grown at a compound annual growth rate (CAGR) of 12.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10.2% | +14.3% | +22.2% |
| 2022 | +34.6% | +12.8% | +0.8% |
| 2021 | +14.4% | +132.4% | +9.2% |
| 2020 | -16.7% | -49.0% | +62.5% |
| 2019 | +56.5% | +75.1% | +2.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Mackinac Arts Council has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Mackinac Arts Council with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $36K, with revenue exceeding expenses.
- Debt-to-asset ratio: 4.9%.
Frequently Asked Questions about Mackinac Arts Council
Is Mackinac Arts Council a legitimate charity?
Based on AI analysis of IRS 990 filings, Mackinac Arts Council (EIN: 300189164) insufficient data. 0 red flags identified, 0 strengths noted.
How does Mackinac Arts Council spend its money?
Detailed spending breakdown data is not yet available for Mackinac Arts Council. Check back for updated IRS 990 analysis.
Are donations to Mackinac Arts Council tax-deductible?
Mackinac Arts Council is registered as a tax-exempt nonprofit (EIN: 300189164). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Mackinac Arts Council located?
Mackinac Arts Council is headquartered in Mackinac Island, Michigan and files with the IRS under EIN 300189164. It is classified under NTEE code A26.
How many years of IRS 990 filings does Mackinac Arts Council have?
Mackinac Arts Council has 11 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $357K in total revenue.
Filing History
IRS 990 filing history for Mackinac Arts Council showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2013–2023), Mackinac Arts Council's revenue has grown by 224.6%, moving from $110K to $358K. Total assets increased by 458.5% over the same period, from $76K to $426K. Total functional expenses rose by 416.7%, from $62K to $322K. In its most recent filing year (2023), Mackinac Arts Council reported a surplus of $36K, with revenue exceeding expenses. The organization holds $21K in liabilities against $426K in assets (debt-to-asset ratio: 4.9%), resulting in net assets of $405K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $358K | $322K | $426K | $21K | — | — |
| 2022 | $325K | $282K | $348K | $19K | — | — |
| 2021 | $242K | $250K | $345K | $2K | — | View 990 |
| 2020 | $211K | $107K | $316K | $670 | — | View 990 |
| 2019 | $253K | $211K | $195K | $519 | — | View 990 |
| 2018 | $162K | $120K | $191K | $40K | — | View 990 |
| 2017 | $76K | $58K | $110K | $515 | — | — |
| 2016 | $41K | $45K | $93K | $1K | — | View 990 |
| 2015 | $48K | $35K | $99K | $2K | — | View 990 |
| 2014 | $64K | $57K | $84K | $471 | — | View 990 |
| 2013 | $110K | $62K | $76K | $54 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $358K, expenses of $322K, and assets of $426K (revenue +10.2% year-over-year).
- 2022: Revenue of $325K, expenses of $282K, and assets of $348K (revenue +34.6% year-over-year).
- 2021: Revenue of $242K, expenses of $250K, and assets of $345K (revenue +14.4% year-over-year).
- 2020: Revenue of $211K, expenses of $107K, and assets of $316K (revenue -16.7% year-over-year).
- 2019: Revenue of $253K, expenses of $211K, and assets of $195K (revenue +56.5% year-over-year).
- 2018: Revenue of $162K, expenses of $120K, and assets of $191K (revenue +114.0% year-over-year).
- 2017: Revenue of $76K, expenses of $58K, and assets of $110K (revenue +84.7% year-over-year).
- 2016: Revenue of $41K, expenses of $45K, and assets of $93K (revenue -14.6% year-over-year).
- 2015: Revenue of $48K, expenses of $35K, and assets of $99K (revenue -25.6% year-over-year).
- 2014: Revenue of $64K, expenses of $57K, and assets of $84K (revenue -41.6% year-over-year).
- 2013: Revenue of $110K, expenses of $62K, and assets of $76K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mackinac Arts Council:
Data Sources and Methodology
This transparency report for Mackinac Arts Council is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.