Beaufort County Arts Council

Analysis

Beaufort County Arts Council is a registered charity in United States, based in Washington, NC. It received its IRS tax-exemption ruling in February 1972, 54 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, Beaufort County Arts Council reported income of $438k and spending of $496k, spending 113% of what it took in. Across the 3 years on record, from June 2021 to June 2023, income fell from $895k to $438k (-51%), an average of -30% a year. The sharpest change came in the year to June 2022, when income dropped by 47%. Over the whole period it spent 68% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Beaufort County 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 68th percentile, and in the 67th percentile within NC. Charities of a similar size with the same main cause include Colorado West Performing Arts Company ($438k), Intensive Care Ministries ($438k) and Teatro Avante Inc ($438k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 56% and program service revenue 44% of the total. Other salaries and wages came to $167k. At year end it held assets of $1.5m against liabilities of $36k, net assets of $1.5m. It reported 8 employees.