Hays Arts Council Inc

Analysis

Hays Arts Council Inc is a registered charity in United States, based in Hays, KS. It received its IRS tax-exemption ruling in February 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 June 2024, Hays Arts Council Inc reported income of $211k and spending of $231k, spending 110% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $130k to $211k (+62%), an average of +13% a year. The sharpest change came in the year to June 2024, when income rose by 43%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hays Arts Council Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 54th percentile within KS. Charities of a similar size with the same main cause include Womens Aux of the Jewish Home for the Eldry of Fairfield Cnty Inc ($211k), United Way of Putnam County Inc ($211k) and Guiding Star Project ($211k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 65% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $65k (28% of expenses). Other salaries and wages came to $13k. At year end it held assets of $709k against liabilities of $567, net assets of $709k. It reported 3 employees.