Tryon Painters and Sculptors Inc

Analysis

Tryon Painters and Sculptors Inc is a registered charity in United States, based in Tryon, NC. It received its IRS tax-exemption ruling in April 1971, 55 years ago. 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, Tryon Painters and Sculptors Inc reported income of $125k and spending of $93k, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $88k to $125k (+42%), an average of +9.2% a year. The sharpest change came in the year to December 2021, when income rose by 62%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tryon Painters and Sculptors Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 41st percentile within NC. Charities of a similar size with the same main cause include Gabriel Manor II Inc ($125k), Beaverton Symphony Orchestra ($125k) and Therapy Animals of San Antonio Inc ($125k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 64% of the total. At year end it held assets of $460k against liabilities of $8,245, net assets of $451k.