Arts, Culture & Humanities
(A26Z)
IRS Verified
DX Registered
990 on File
REIF ARTS COUNCIL
Financial strength (30%)
61/100
Reliability (20%)
55/100
Effectiveness (25%)
97/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Mission Statement
The Reif Arts Council’s strap-line is “Stimulating Arts in Northern Minnesota.” The underlying principle guiding our mission is to offer a diverse mix of performing and visual arts to be experienced, exhibited and taught. This is fleshed out in the six values statements the Reif Board has adopted: 1. We will pursue artistic excellence. 2. Quality arts experiences should be accessible to all. 3. The arts are integral to quality education. 4. We will maintain a well-managed arts organization and facility. 5. We gain strength through collaboration and partnerships. 6. The arts enrich our lives and are catalysts for a healthy community.
Financial Overview — FY 2023
$1.4M
Total Revenue
$1.8M
Total Expenses
$290K
Net Assets
20
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
83.4%
Fundraising Efficiency
577.7%
Operating Reserve
1.99x
Liability-to-Asset
43.5%
Revenue Diversification
65.9%
Executive Compensation
$109K
Compared with Peers
FY 2023
Compared with 4,647 similar organizations
(United States, Arts, Culture & Humanities, $1M–$10M in expenses), FY 2023.
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
|
83.4% | 77.9% |
P10P90
|
Above median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
8.8% | 14.6% |
P10P90
|
Top quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
7.8% | 5.5% |
P10P90
|
Below median |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
577.7% | 251.0% |
P10P90
|
Below median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
2.0 mo | 16.8 mo |
P10P90
|
Bottom quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
43.5% | 10.7% |
P10P90
|
Bottom quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
65.9% | 74.6% |
P10P90
|
Above median |
|
Revenue growth
Year over year revenue growth
|
-33.3% | 3.5% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
11.6% | 13.1% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-22.7% | -0.9% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $1.4M | $1.8M | $290K | 83.4% | 20 |
| 2022 | $2.1M | $1.6M | $615K | 78.5% | 22 |
| 2021 | $600K | $799K | N/A | — | 22 |
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