Allegany Arts Council Inc

Analysis

Allegany Arts Council Inc is a registered charity in United States, based in Cumberland, MD. It received its IRS tax-exemption ruling in April 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 2024, Allegany Arts Council Inc reported income of $569k and spending of $542k, spending 95% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $322k to $569k (+77%), an average of +15% a year. The sharpest change came in the year to June 2023, when income rose by 78%. Over the whole period it spent 81% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Allegany Arts Council Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within MD. Charities of a similar size with the same main cause include Fabric Tempe ($569k), Aapi Montclair Inc ($569k) and Excellence in the Community Inc ($569k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 81% and program service revenue 16% of the total. Other salaries and wages came to $137k. At year end it held assets of $895k against liabilities of $56k, net assets of $839k. It reported 5 employees.