Garrett County Arts Council Inc

Analysis

Garrett County Arts Council Inc is a registered charity in United States, based in Oakland, MD. It received its IRS tax-exemption ruling in July 1995, 31 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, Garrett County Arts Council Inc reported income of $486k and spending of $513k, spending 105% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $241k to $486k (+102%), an average of +15% a year. The sharpest change came in the year to June 2023, when income rose by 116%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Garrett County Arts Council Inc sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within MD. Charities of a similar size with the same main cause include Columbia City Jazz Dance Company and Scholl ($486k), Learning First Alliance ($486k) and Pickle Hill Public Broadcasting Inc ($486k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 74% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $69k (14% of expenses). Other salaries and wages came to $82k. At year end it held assets of $517k against liabilities of $227, net assets of $517k. It reported 8 employees.