Homer Council on the Arts

Analysis

Homer Council on the Arts is a registered charity in United States, based in Homer, AK. It received its IRS tax-exemption ruling in October 1982, 44 years ago. 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 2023, Homer Council on the Arts reported income of $246k and spending of $258k, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $122k to $246k (+103%), an average of +19% a year. The sharpest change came in the year to June 2021, when income rose by 187%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Homer Council on the Arts 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 58th percentile, and in the 52nd percentile within AK. Charities of a similar size with the same main cause include Home Company Inc ($246k), Friends of the Bklyn New School- Bklyn School for Collab Studies ($246k) and Caring Choices Pregnancy Help Center Inc ($246k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 39% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $49k (19% of expenses). Other salaries and wages came to $44k. At year end it held assets of $428k against liabilities of $10k, net assets of $418k. It reported 4 employees.