Henderson Area Arts Alliance Inc

Analysis

Henderson Area Arts Alliance Inc is a registered charity in United States, based in Henderson, KY. It received its IRS tax-exemption ruling in May 1981, 45 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, Henderson Area Arts Alliance Inc reported income of $280k and spending of $345k, spending 123% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $118k to $280k (+137%), an average of +33% a year. The sharpest change came in the year to June 2022, when income rose by 87%. Over the whole period it spent 143% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Henderson Area Arts Alliance Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within KY. Charities of a similar size with the same main cause include Chappell Hill Historical Society ($280k), Arts Foundation for Martin County Inc ($280k) and Fiesta 2003 ($280k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 61% and program service revenue 39% of the total. Other salaries and wages came to $80k. At year end it held assets of $100k against liabilities of $2,041, net assets of $98k. It reported 2 employees.