Richlands Area Citizens for the Arts Inc

Analysis

Richlands Area Citizens for the Arts Inc is a registered charity in United States, based in Richlands, VA. It received its IRS tax-exemption ruling in February 1985, 41 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, Richlands Area Citizens for the Arts Inc reported income of $100k and spending of $125k, spending 125% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income fell from $104k to $100k (-4.7%), an average of -4.7% a year. Over the whole period it spent 111% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Richlands Area Citizens for the Arts Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 36th percentile within VA. Charities of a similar size with the same main cause include Expressions Performing Arts School and Theatre Inc ($100k), True Story ($100k) and Historical Society of Vandalia Butler ($100k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 93% of the total. At year end it held assets of $58k against liabilities of $1,283, net assets of $57k.