Krasl Art Center Inc
Only null% goes to programs Strong reserves Growing revenue
Krasl Art Center Inc is a 501(c)(3) organization based in Saint Joseph, Michigan, registered in 1971, with $1,584,698 in FY2024 revenue. CharityIndex grades it B.
707 Lake Blvd, Saint Joseph, MI, 49085 EIN 23-7009281 Since 1971
Revenue (FY2024)
$1.6M
▲ 23.3% vs prior year
Arts & Culture median: $159K
Expenses (FY2024)
$1.6M
Net assets
$10.7M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
—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 Krasl Art Center Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating82 mo reserves · +2% 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 Krasl Art Center Inc: 82 mo reserves · +2% margin earns a B+ 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 Krasl Art Center Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 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 Krasl Art Center Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 707 Lake Blvd, Saint Joseph, MI, 49085
- City
- Saint Joseph
- State
- Michigan
- Category
- Arts, Culture & Humanities
- Subcategory
- Museums
- Website
- …
Financial trends
Revenue grew from $925K (FY2013) to $1.6M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $61KNet assets $10.7M
Operating margin
2.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$10.7M
Total liabilities
$61K
Net assets
$10.7M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $1,584,698▲23.3% | $1,552,653▲0.7% | $10,660,718▼0.9% | $10,721,811▼1.3% | 990 |
| 2023 | $1,284,760▼1.0% | $1,541,667▲2.9% | $10,757,809▲6.6% | $10,858,812▲6.7% | 990 |
| 2022 | $1,297,716▲34.5% | $1,497,720▲22.1% | $10,089,542▲4.9% | $10,181,417▲5.5% | 990 |
| 2021 | $964,721▼33.6% | $1,226,966▲23.7% | $9,622,152▼17.2% | $9,652,045▼17.5% | 990 |
| 2020 | $1,452,128▲67.5% | $991,687▲2.6% | $11,625,132▲13.2% | $11,694,289▲8.5% | 990 |
| 2019 | $866,895▼49.9% | $966,832▼26.1% | $10,267,813▲2.3% | $10,782,493▲1.4% | 990 |
| 2018 | $1,729,195▼9.4% | $1,308,553▼25.6% | $10,037,868▼0.4% | $10,630,157▼5.2% | 990 |
| 2017 | $1,908,239▲5.4% | $1,759,259▲32.4% | $10,079,855▲0.4% | $11,218,116▲4.2% | 990 |
| 2016 | $1,810,400▲111% | $1,328,549▲33.1% | $10,040,617▲6.8% | $10,760,818▲9.7% | 990 |
| 2015 | $859,828▼13.1% | $998,418▼5.0% | $9,402,560▲3.6% | $9,805,898▲7.7% | 990 |
| 2014 | $989,412▲7.0% | $1,051,222▲3.8% | $9,078,604▼5.1% | $9,101,769▼5.4% | 990 |
| 2013 | $924,713 | $1,012,777▲0.9% | $9,568,474▲3.9% | $9,620,922▲4.1% | 990 |
| 2012 | — | $1,004,170▲5.4% | $9,213,205▲4.8% | $9,245,846▲4.6% | 990 |
| 2011 | — | $952,897▲14.5% | $8,793,749▲4.3% | $8,837,682▲4.6% | 990 |
| 2009 | — | $831,920 | $8,431,023 | $8,446,343 | 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.
Grants received · $124K total
6 grants to Krasl Art Center Inc totaling $124K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Indianapolis Foundation Inc | Richard hunt studio | 2024 | $10,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $22,717 |
| Corewell Health | General support | 2021 | $27,737 |
| Corewell Health | General support | 2020 | $27,750 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2019 | $26,000 |
| The Chicago Community Trust | General operating support | 2018 | $10,000 |
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Frequently asked questions
- Is Krasl Art Center Inc a legitimate nonprofit?
- Yes. Krasl Art Center Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 23-7009281, based in Saint Joseph, Michigan. Donations are tax-deductible.
- What is Krasl Art Center Inc's EIN?
- Krasl Art Center Inc's Employer Identification Number (EIN) is 23-7009281.
- How much revenue does Krasl Art Center Inc report?
- Krasl Art Center Inc reported $1,584,698 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Krasl Art Center Inc have?
- CharityIndex grades Krasl Art Center Inc B, based on financial health (reserves and operating margin).
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Data for Krasl Art Center Inc (EIN 23-7009281) 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.