Talbot County Arts Council Inc

Analysis

Talbot County Arts Council Inc is a registered charity in United States, based in Easton, MD. It received its IRS tax-exemption ruling in November 1988, 38 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, Talbot County Arts Council Inc reported income of $276k and spending of $278k, spending 101% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $169k to $276k (+63%), an average of +13% a year. The sharpest change came in the year to June 2023, when income rose by 78%. 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, Talbot County Arts Council Inc sits at the 67th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within MD. Charities of a similar size with the same main cause include Gwinnett Ballet Theatre Inc ($276k), Sanborn Area Historical Society ($276k) and Nova Center for the Performing Arts Inc ($276k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $65k (23% of expenses). At year end it held assets of $145k against liabilities of $0, net assets of $145k. It reported 1 employees.