Foley Art Center

Analysis

Foley Art Center is a registered charity in United States, based in Foley, AL. It received its IRS tax-exemption ruling in January 1969, 57 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 2023, Foley Art Center reported income of $289k and spending of $349k, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $163k to $289k (+77%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 46%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Foley Art Center sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 62nd percentile within AL. Charities of a similar size with the same main cause include Rnd4impact Inc ($289k), Mesquite Arts Council Inc ($289k) and Control Group Productions ($289k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 88% of the total. Other salaries and wages came to $88k. At year end it held assets of $131k against liabilities of $16k, net assets of $115k. It reported 5 employees.