Albert Lea Art Center
Only null% goes to programs Strong reserves
Albert Lea Art Center is a 501(c)(3) organization based in Albert Lea, Minnesota, registered in 1961, with $39,734 in FY2023 revenue. CharityIndex grades it D.
Po Box 313, Albert Lea, MN, 56007 EIN 41-6038618 Since 1961
Revenue (FY2023)
$40K
▼ 70.4% vs prior year
Arts & Culture median: $159K
Expenses (FY2023)
$53K
Net assets
$364K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
D
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Albert Lea Art Center— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DFinancial health25% of the rating83 mo reserves · -32% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Albert Lea Art Center: 83 mo reserves · -32% margin earns a D on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Albert Lea Art Center— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Albert Lea Art Center: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- Po Box 313, Albert Lea, MN, 56007
- City
- Albert Lea
- State
- Minnesota
- Category
- Arts, Culture & Humanities
- Subcategory
- Arts & Cultural Organizations
Financial trends
Revenue grew from $28K (FY2010) to $40K (FY2023) across 14 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $1,148Net assets $364K
Operating margin
-32.3%
Spent more than it raised in the latest fiscal year.
Total assets
$365K
Total liabilities
$1,148
Net assets
$364K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $39,734▼70.4% | $52,576▼14.9% | $364,349▼3.4% | $365,497▼3.5% | 990EZ |
| 2022 | $134,357▼21.6% | $61,756▼24.3% | $377,091▲23.8% | $378,595▲13.1% | 990EZ |
| 2021 | $171,465▲288% | $81,532▲42.2% | $304,490▲42.1% | $334,659▲29.0% | 990EZ |
| 2020 | $44,157▼42.6% | $57,329▲0.2% | $214,307▼5.8% | $259,379▲13.2% | 990EZ |
| 2019 | $76,949▲63.9% | $57,206▼2.4% | $227,479▲9.5% | $229,111▲9.5% | 990EZ |
| 2018 | $46,946▼67.5% | $58,638▲23.8% | $207,701▼5.3% | $209,302▼5.0% | 990EZ |
| 2017 | $144,614▲212% | $47,378▲2.5% | $219,393▲79.6% | $220,387▲78.8% | 990EZ |
| 2016 | $46,297▲14.1% | $46,240▼3.7% | $122,157 | $123,237▲0.3% | 990EZ |
| 2015 | $40,574▼52.6% | $48,027▲16.0% | $122,100▼4.1% | $122,895▼5.5% | 990EZ |
| 2014 | $85,600▲93.5% | $41,418▲12.8% | $127,311▲53.1% | $130,105▲51.7% | 990EZ |
| 2013 | $44,227▲48.1% | $36,721▲25.8% | $83,129▲9.9% | $85,746▲10.1% | 990EZ |
| 2012 | $29,865▼68.7% | $29,194▼50.4% | $75,623▲0.9% | $77,851▲0.8% | 990EZ |
| 2011 | $95,407▲244% | $58,916▲52.8% | $74,952▲94.9% | $77,234▲89.4% | 990EZ |
| 2010 | $27,724 | $38,549 | $38,461 | $40,782 | 990EZ |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $53K total
5 grants to Albert Lea Art Center totaling $53K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Saint Paul & Minnesota Foundation | Multiple grants for programs, operations, or other purposes | 2023 | $5,500 |
| Saint Paul & Minnesota Foundation | Multiple grants for multiple purposes | 2022 | $6,290 |
| Donor Advised Charitable Giving | Arts, culture & humanities | 2021 | $29,861 |
| Mayo Clinic | Support charitable programs | 2015 | $6,300 |
| Mayo Clinic | Support exempt purpose | 2014 | $5,500 |
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Frequently asked questions
- Is Albert Lea Art Center a legitimate nonprofit?
- Yes. Albert Lea Art Center is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 41-6038618, based in Albert Lea, Minnesota. Donations are tax-deductible.
- What is Albert Lea Art Center's EIN?
- Albert Lea Art Center's Employer Identification Number (EIN) is 41-6038618.
- How much revenue does Albert Lea Art Center report?
- Albert Lea Art Center reported $39,734 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Albert Lea Art Center have?
- CharityIndex grades Albert Lea Art Center D, based on financial health (reserves and operating margin).
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Explore more
Data for Albert Lea Art Center (EIN 41-6038618) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.