Huntington Arts Council Inc

Analysis

Huntington Arts Council Inc is a registered charity in United States, based in Huntington, NY. It received its IRS tax-exemption ruling in August 1990, 36 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Huntington Arts Council Inc reported income of $1.5m and spending of $1.1m, leaving 24% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $902k to $1.5m (+64%), an average of +13% a year. The sharpest change came in the year to June 2022, when income rose by 39%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Huntington Arts Council Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include Reno County Historical Society Inc ($1.5m), Hudson Opera House Inc ($1.5m) and Fowlerville Agricultural Society ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 4.2% of the total. Compensation of current officers, directors and key employees was $85k (7.6% of expenses). Other salaries and wages came to $258k. At year end it held assets of $850k against liabilities of $69k, net assets of $781k. It reported 10 employees.