Sampson Arts Council Inc

Analysis

Sampson Arts Council Inc is a registered charity in United States, based in Clinton, NC. It received its IRS tax-exemption ruling in November 1976, 50 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, Sampson Arts Council Inc reported income of $215k and spending of $240k, spending 112% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $171k to $215k (+25%), an average of +7.8% a year. The sharpest change came in the year to June 2021, when income rose by 35%. 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, Sampson 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 53rd percentile within NC. Charities of a similar size with the same main cause include Texas 4-H ($215k), Neighbors Network ($215k) and Immediate Medium Inc ($215k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 57% and program service revenue 31% of the total. Other salaries and wages came to $49k. At year end it held assets of $290k against liabilities of $6,400, net assets of $284k. It reported 2 employees.