Burke Arts Council Inc

Analysis

Burke Arts Council Inc is a registered charity in United States, based in Morganton, NC. It received its IRS tax-exemption ruling in October 1976, 50 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Burke Arts Council Inc reported income of $324k and spending of $231k, leaving 29% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $224k to $324k (+44%), an average of +13% a year. The sharpest change came in the year to June 2021, when income rose by 55%. Over the whole period it spent 57% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Burke Arts Council Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 62nd percentile within NC. Charities of a similar size with the same main cause include Simulation Councils Inc ($324k), Library of American Landscape History Inc ($324k) and Jazzreach Performing Art & Education Association ($324k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 1.5% of the total. Compensation of current officers, directors and key employees was $43k (18% of expenses). Other salaries and wages came to $8,303. At year end it held assets of $554k against liabilities of $0, net assets of $554k. It reported 4 employees.