Rivertowns Arts Council Inc

Analysis

Rivertowns Arts Council Inc is a registered charity in United States, based in Hastings HDSN, NY. It received its IRS tax-exemption ruling in March 1965, 61 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Rivertowns Arts Council Inc reported income of $611k and spending of $625k, spending 102% of its income. Across the 4 years on record, from June 2019 to June 2023, income grew from $541k to $611k (+13%), an average of +4.1% a year. The sharpest change came in the year to June 2023, when income rose by 28%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Rivertowns Arts Council Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 69th percentile within NY. Charities of a similar size with the same main cause include Jekyll Island Foundation Inc ($611k), Consortium of Social Science Associations ($611k) and Eau Claire Association of Museums Inc ($610k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 27% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $94k (15% of expenses). Other salaries and wages came to $5,082. At year end it held assets of $330k against liabilities of $85k, net assets of $245k. It reported 6 employees.