Stokes County Arts Council Inc

Analysis

Stokes County Arts Council Inc is a registered charity in United States, based in Danbury, NC. It received its IRS tax-exemption ruling in July 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 2023, Stokes County Arts Council Inc reported income of $393k and spending of $404k, spending 103% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $236k to $393k (+66%), an average of +18% a year. The sharpest change came in the year to June 2021, when income rose by 71%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Stokes County Arts Council Inc sits at the 65th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within NC. Charities of a similar size with the same main cause include Phillip WM Fisher Support Foundation ($393k), 72 Lewis Avenue Apartments Housing Development Fund Corporation ($393k) and Iranian Cultural Society of North Carolina Inc ($393k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 25% and program service revenue 55% of the total. Other salaries and wages came to $45k. At year end it held assets of $1.4m against liabilities of $5,741, net assets of $1.4m. It reported 10 employees.