Anderson County Arts Council

Analysis

Anderson County Arts Council is a registered charity in United States, based in Anderson, SC. It received its IRS tax-exemption ruling in February 1974, 52 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 August 2023, Anderson County Arts Council reported income of $589k and spending of $725k, spending 123% of what it took in. Across the 3 years on record, from August 2021 to August 2023, income grew from $583k to $589k (+0.9%), an average of +0.5% a year. Over the whole period it spent 119% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Anderson County Arts Council 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 73rd percentile, and in the 77th percentile within SC. Charities of a similar size with the same main cause include Cultureall Inc ($589k), The Chicago Mosaic School ($589k) and California Dental Association Foundation ($589k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 31% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $76k (10% of expenses). Other salaries and wages came to $123k. At year end it held assets of $2.7m against liabilities of $181k, net assets of $2.6m. It reported 6 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.