Arts Midwest is a 501(c)(3) organization based in Minneapolis, Minnesota, registered in 1973, with $7,118,776 in FY2024 revenue. CharityIndex grades it D.
Revenue (FY2024)
$7.1M
▼ 3.0% vs prior year
Arts & Culture median: $159K
Expenses (FY2024)
$9.6M
Net assets
$10.3M
Employees
—
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 Arts Midwest— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
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 Arts Midwest: 13 mo reserves · -34% margin earns a D on this criterion. See the exact thresholds →
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 Arts Midwest— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
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 Arts Midwest: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $5.6M (FY2013) to $7.1M (FY2024) across 12 reported years.
Financial snapshot
Operating margin
-34.4%
Spent more than it raised in the latest fiscal year.
Total assets
$12.0M
Total liabilities
$1.7M
Net assets
$10.3M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $7,118,776▼3.0% | $9,565,787▲47.8% | $10,327,629▼17.9% | $12,028,701▼18.1% | 990 |
| 2023 | $7,338,709▼18.7% | $6,473,618▼31.3% | $12,577,182▲10.1% | $14,690,677▲11.7% | 990 |
| 2022 | $9,028,042▲18.8% | $9,421,779▲9.6% | $11,425,519▲2.6% | $13,146,086▲0.7% | 990 |
| 2021 | $7,597,060▼50.6% | $8,599,951▼9.4% | $11,134,115▼15.7% | $13,049,827▼23.4% | 990 |
| 2020 | $15,373,717▲37.2% | $9,496,593▲25.3% | $13,209,500▲84.4% | $17,037,307▲56.5% | 990 |
| 2019 | $11,204,276▲57.8% | $7,578,984▲11.3% | $7,164,660▲109% | $10,884,327▲60.4% | 990 |
| 2018 | $7,100,791▲17.0% | $6,807,906▲0.4% | $3,433,346▲8.2% | $6,786,635▲9.1% | 990 |
| 2017 | $6,068,639▼21.5% | $6,778,704▲8.0% | $3,173,354▼17.1% | $6,221,785▼9.8% | 990 |
| 2016 | $7,734,089▲28.4% | $6,277,378▼4.7% | $3,830,124▲63.7% | $6,900,682▲31.0% | 990 |
| 2015 | $6,024,742▼9.6% | $6,586,275▼1.0% | $2,339,840▼19.3% | $5,268,015▼11.6% | 990 |
| 2014 | $6,662,081▲19.4% | $6,653,416 | $2,901,114▲0.3% | $5,962,484▲0.1% | 990 |
| 2013 | $5,579,464 | $6,650,959▲3.5% | $2,892,449▼27.0% | $5,955,254▼15.1% | 990 |
| 2012 | — | $6,428,922▼11.9% | $3,963,944▲4.8% | $7,014,068▲4.1% | 990 |
| 2011 | — | $7,300,163▲10.2% | $3,781,542▲32.7% | $6,741,006▲11.0% | 990 |
| 2010 | — | $6,623,575▼18.3% | $2,850,566▲24.6% | $6,074,740▼2.9% | 990 |
| 2009 | — | $8,104,184 | $2,287,225 | $6,253,850 | 990 |
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.
26 grants to Arts Midwest totaling $11.0M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Impactassets Inc | General support | 2024 | $295,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $35,050 |
| The Chicago Community Trust | Support for the creativity news desk, creating an emphasis on rural and indigenous communities | 2022 | $260,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $35,000 |
| The Chicago Community Trust | To support the creativity news desk, creating an emphasis on rural and indigenous communities. | 2021 | $195,000 |
| The Chicago Community Trust | To support the creativity news desk, creating an emphasis on rural and indigenous communities. | 2021 | $195,000 |
| Mightycause Charitable Foundation | Unrestricted | 2021 | $6,030 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2020 | $8,000,050 |
| Donor Advised Charitable Giving | Arts, culture & humanities | 2020 | $6,333 |
| Donor Advised Charitable Giving | Arts, culture & humanities | 2020 | $6,333 |
| Mightycause Charitable Foundation | Unrestricted | 2020 | $5,700 |
| The Chicago Community Trust | To support the united states regional arts resilience fund | 2019 | $1,750,000 |
| Donor Advised Charitable Giving | Arts, culture & humanities | 2019 | $7,833 |
| Mightycause Charitable Foundation | Unrestricted | 2019 | $6,153 |
| Oregon Community Foundation | Arts, culture & humanities | 2018 | $20,000 |
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Data for Arts Midwest (EIN 41-1000424) 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.