Arts Council of the Morris Area

Analysis

Arts Council of the Morris Area is a registered charity in United States, based in Cedar Knolls, NJ. It received its IRS tax-exemption ruling in November 1973, 53 years ago. 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, Arts Council of the Morris Area reported income of $1.1m and spending of $1.3m, spending 123% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $1.1m (+1.3%), an average of +0.3% a year. The sharpest change came in the year to June 2022, when income rose by 37%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Arts Council of the Morris Area 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 80th percentile, and in the 83rd percentile within NJ. Charities of a similar size with the same main cause include Sister Cities International Incorporated ($1.1m), Corning Classic Charities ($1.1m) and Lazy F Methodist Camp ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 69% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $129k (9.6% of expenses). Other salaries and wages came to $425k. At year end it held assets of $1.2m against liabilities of $192k, net assets of $1.0m. It reported 9 employees.