Cultural Arts Foundation Fountain Inn

Analysis

Cultural Arts Foundation Fountain Inn is a registered charity in United States, based in Fountain Inn, SC. It received its IRS tax-exemption ruling in September 2011, 15 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 December 2022, Cultural Arts Foundation Fountain Inn reported income of $351k and spending of $417k, spending 119% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $516k to $351k (-32%), an average of -12% a year. The sharpest change came in the year to December 2020, when income dropped by 50%. Over the whole period it spent 111% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cultural Arts Foundation Fountain Inn sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 69th percentile within SC. Charities of a similar size with the same main cause include American Asian Performing Arts Theatre ($351k), Flyaway Productions ($351k) and Bay Community Theatre Organization ($351k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 29% and program service revenue 74% of the total. At year end it held assets of $1.5m against liabilities of $55k, net assets of $1.4m.