Norfolk Area Concert Assoc Inc

Analysis

Norfolk Area Concert Assoc Inc is a registered charity in United States, based in Norfolk, NE. It received its IRS tax-exemption ruling in January 1999, 27 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 May 2024, Norfolk Area Concert Assoc Inc reported income of $113k and spending of $77k, leaving 32% of income unspent that year. Across the 2 years on record, from May 2023 to May 2024, income grew from $67k to $113k (+70%), an average of +70% a year. The sharpest change came in the year to May 2024, when income rose by 70%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Norfolk Area Concert Assoc Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 38th percentile within NE. Charities of a similar size with the same main cause include Oomit Corporation ($113k), Norway Paris Community Television ($113k) and New Times Culture and Education Center Inc ($113k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 0.9% of the total. At year end it held assets of $85k against liabilities of $257, net assets of $84k.