40
Ludington Area Arts Council
Arts & Culture · Ludington, Michigan
107 S Harrison St, Ludington, MI 49431-2109
EIN: 421625326· Founded: Sep 2004· 22 years active· Filing Year: 2023
Annual Revenue
$347K
Total Expenses
$384K
Total Assets
$771K
Program Spending
32%
of expenses go to programs
Compensation & Payroll
Total Officer Compensation
$65K
16.9% of total expenses
All officers, directors, and key employees combined
Other Salaries & Wages
$76K
Total Payroll
$141K
37% of total expenses
Where the Money Goes
32%
Programs: 32%
Payroll: 37%
Other overhead: 68%
Program Revenue$123K (35%)
Total Expenses$384K (100%)
Payroll$141K (37%)
Overhead (non-program)68%
Trust Score Breakdown
Program Spending Ratio
32% of expenses go to programs
Revenue & Stability
$347K annual revenue
Executive Compensation
$65K total officer comp (16.9% of expenses)
Filing Recency
Most recent filing: 2023
Asset Strength
$771K in assets
Data from IRS Form 990 filing (2023). Trust scores are calculated from public financial data and do not constitute endorsement or investment advice.