Art Association of Henry County Inc

Analysis

Art Association of Henry County Inc is a registered charity in United States, based in New Castle, IN. It received its IRS tax-exemption ruling in September 1992, 34 years ago. 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 December 2023, Art Association of Henry County Inc reported income of $191k and spending of $201k, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $101k to $191k (+88%), an average of +17% a year. The sharpest change came in the year to December 2022, when income rose by 45%. Over the whole period it spent 107% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Art Association of Henry County Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 52nd percentile within IN. Charities of a similar size with the same main cause include Altrusa International Foundation Inc ($191k), Big Brothers Big Sisters of Green County Inc ($191k) and Dermatology Foundation of South Florida ($191k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $35k (17% of expenses). Other salaries and wages came to $15k. At year end it held assets of $268k against liabilities of $1,356, net assets of $267k. It reported 3 employees.