Valley River Arts Guild Inc

Analysis

Valley River Arts Guild Inc is a registered charity in United States, based in Murphy, NC. It received its IRS tax-exemption ruling in May 2014, 12 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 August 2023, Valley River Arts Guild Inc reported income of $172k and spending of $124k, leaving 28% of income unspent that year. Across the 2 years on record, from August 2022 to August 2023, income fell from $206k to $172k (-16%), an average of -16% a year. The sharpest change came in the year to August 2023, when income dropped by 16%. Over the whole period it spent 50% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Valley River Arts Guild Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within NC. Charities of a similar size with the same main cause include Tryon Little Theatre Inc ($172k), No Longer Empty Inc ($172k) and Princess Theatre Inc ($172k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 67% and program service revenue 3.6% of the total. At year end it held assets of $861k against liabilities of $622k, net assets of $239k.