North Carolina Arts in Action Inc

Analysis

North Carolina Arts in Action Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in September 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 (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, North Carolina Arts in Action Inc reported income of $568k and spending of $797k, spending 140% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $538k to $568k (+5.6%), an average of +1.8% a year. The sharpest change came in the year to June 2021, when income rose by 33%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, North Carolina Arts in Action Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within NC. Charities of a similar size with the same main cause include Redbud Resource Group ($568k), Mr Mo Project Senior Dog Rescue Inc ($568k) and Three Generations Inc ($568k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 81% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $101k (13% of expenses). Other salaries and wages came to $293k. At year end it held assets of $349k against liabilities of $685, net assets of $348k. It reported 9 employees.