Yadkin Arts Council Inc

Analysis

Yadkin Arts Council Inc is a registered charity in United States, based in Yadkinville, NC. It received its IRS tax-exemption ruling in September 1975, 51 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 2024, Yadkin Arts Council Inc reported income of $882k and spending of $1.0m, spending 115% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $819k to $882k (+7.7%), an average of +1.5% a year. The sharpest change came in the year to June 2022, when income rose by 41%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Yadkin Arts Council Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within NC. Charities of a similar size with the same main cause include The Fund for West Palm Beach Police Inc ($882k), Community Christian School Society of Pease Minnesota ($883k) and National Criminal Defense College Inc ($882k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 72% of the total. Compensation of current officers, directors and key employees was $391k (38% of expenses). At year end it held assets of $3.4m against liabilities of $305k, net assets of $3.0m. It reported 15 employees.