Highland County Arts Council

Analysis

Highland County Arts Council is a registered charity in United States, based in Monterey, VA. It received its IRS tax-exemption ruling in November 1992, 34 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 December 2023, Highland County Arts Council reported income of $96k and spending of $70k, leaving 26% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $63k to $96k (+51%), an average of +51% a year. The sharpest change came in the year to December 2023, when income rose by 51%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Highland County Arts Council sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 35th percentile within VA. Charities of a similar size with the same main cause include Aviator Sports Booster Inc ($96k), Intelligent Transportation Society of America Its America ($96k) and First Chance Foundation ($96k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 20% of the total. At year end it held assets of $84k against liabilities of $0, net assets of $84k.