Pennyroyal Arts Council Inc

Analysis

Pennyroyal Arts Council Inc is a registered charity in United States, based in Hopkinsville, KY. It received its IRS tax-exemption ruling in May 1978, 48 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, Pennyroyal Arts Council Inc reported income of $889k and spending of $843k, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $828k to $889k (+7.4%), an average of +1.8% a year. The sharpest change came in the year to June 2022, when income rose by 47%. Over the whole period it spent 83% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Pennyroyal Arts Council Inc sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within KY. Charities of a similar size with the same main cause include 418 Project ($889k), Vox Teen Communications Inc ($890k) and Valhalla Tahoe ($889k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 63% and program service revenue 29% of the total. Other salaries and wages came to $217k. At year end it held assets of $979k against liabilities of $98k, net assets of $882k. It reported 9 employees.