Troy Arts Council

Analysis

Troy Arts Council is a registered charity in United States, based in Troy, AL. It received its IRS tax-exemption ruling in March 2012, 14 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 2024, Troy Arts Council reported income of $53k and spending of $56k, spending 106% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income grew from $30k to $53k (+79%), an average of +79% a year. The sharpest change came in the year to June 2024, when income rose by 79%. Over the whole period it spent 121% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Troy Arts Council sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 19th percentile within AL. Charities of a similar size with the same main cause include Camp Aldersgate Foundation ($53k), The Joseph Smith Sr and Lucy Mack Smith Family Foundation ($53k) and Festival Chorale Oregon ($53k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 67% and program service revenue 29% of the total. At year end it held assets of $72k against liabilities of $0, net assets of $72k.