Arts Herndon Inc

Analysis

Arts Herndon Inc is a registered charity in United States, based in Herndon, VA. It received its IRS tax-exemption ruling in January 1986, 40 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, Arts Herndon Inc reported income of $152k and spending of $157k, spending 103% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $157k to $152k (-3.1%), an average of -1.0% a year. The sharpest change came in the year to June 2022, when income rose by 227%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Arts Herndon Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 47th percentile within VA. Charities of a similar size with the same main cause include Gospeltree Ministries ($152k), Life Recovery Network Inc ($152k) and Little Rock Garden Club ($152k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% and program service revenue 4.4% of the total. Compensation of current officers, directors and key employees was $115k (73% of expenses). At year end it held assets of $133k against liabilities of $136k, net assets of -$2,445. It reported 1 employees.