Tryon Concert Association Inc

Analysis

Tryon Concert Association Inc is a registered charity in United States, based in Tryon, NC. It received its IRS tax-exemption ruling in May 2006, 20 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 May 2024, Tryon Concert Association Inc reported income of $121k and spending of $88k, leaving 28% of income unspent that year. Across the 2 years on record, from May 2023 to May 2024, income grew from $98k to $121k (+23%), an average of +23% a year. The sharpest change came in the year to May 2024, when income rose by 23%. Over the whole period it spent 74% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Tryon Concert Association Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 40th percentile within NC. Charities of a similar size with the same main cause include Parker County Fine Arts Association ($121k), Wartburg Community Symphony Association Inc ($121k) and Galveston Ballet Inc ($121k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 57% and program service revenue 34% of the total. At year end it held assets of $378k against liabilities of $216, net assets of $377k.