Franklin Street Arts Collective

Analysis

Franklin Street Arts Collective is a registered charity in United States, based in Carrboro, NC. It received its IRS tax-exemption ruling in February 2005, 21 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 December 2022, Franklin Street Arts Collective reported income of $246k and spending of $240k, spending 98% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $218k to $246k (+12%), an average of +4.0% a year. The sharpest change came in the year to December 2021, when income rose by 42%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Franklin Street Arts Collective sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within NC. Charities of a similar size with the same main cause include Massachusetts State Police Museum and Learning Center Inc ($245k), Cambridge Jazz Festival ($246k) and MNFF Inc ($245k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 13% and program service revenue 76% of the total. Other salaries and wages came to $48k. At year end it held assets of $155k against liabilities of $31k, net assets of $123k. It reported 1 employees.