Arts Council of Thayer County

Analysis

Arts Council of Thayer County is a registered charity in United States, based in Hebron, NE. It received its IRS tax-exemption ruling in March 2017, 9 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 December 2023, Arts Council of Thayer County reported income of $89k and spending of $88k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $161k to $89k (-44%), an average of -44% a year. The sharpest change came in the year to December 2023, when income dropped by 44%. Over the whole period it spent 65% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Arts Council of Thayer County sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 32nd percentile within NE. Charities of a similar size with the same main cause include Almasi Arts Alliance ($89k), Omaha Jitterbugs ($89k) and Garibaldi Museum Inc ($89k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 38% of the total. At year end it held assets of $468k against liabilities of $693, net assets of $467k.