Tonawandas Council on the Arts Inc

Analysis

Tonawandas Council on the Arts Inc is a registered charity in United States, based in N Tonawanda, NY. It received its IRS tax-exemption ruling in June 1976, 50 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, Tonawandas Council on the Arts Inc reported income of $123k and spending of $133k, spending 108% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $97k to $123k (+27%), an average of +27% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tonawandas Council on the Arts Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 41st percentile within NY. Charities of a similar size with the same main cause include Central Ohio Chapter Autism Society of America ($123k), Auxiliary of the Robert Wood Johnson University Hospital ($123k) and Chico Art Center ($123k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 59% of the total. At year end it held assets of $114k against liabilities of $25k, net assets of $89k.