Bradford County Regional Arts Council

Analysis

Bradford County Regional Arts Council is a registered charity in United States, based in Towanda, PA. It received its IRS tax-exemption ruling in November 1976, 50 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 August 2023, Bradford County Regional Arts Council reported income of $797k and spending of $982k, spending 123% of what it took in. Across the 4 years on record, from August 2019 to August 2023, income fell from $1.2m to $797k (-32%), an average of -12% a year. The sharpest change came in the year to August 2021, when income dropped by 42%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bradford County Regional Arts Council sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 75th percentile within PA. Charities of a similar size with the same main cause include Catlett Volunteer Fire and Rescue Company Inc ($797k), New Orleans Academy of Fine Arts Ltd ($797k) and Houses of Light LLC ($796k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 34% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $1,252 (0.1% of expenses). Other salaries and wages came to $268k. At year end it held assets of $1.8m against liabilities of $896k, net assets of $929k. It reported 66 employees.