Arts Council of the Valley

Analysis

Arts Council of the Valley is a registered charity in United States, based in Harrisonburg, VA. It received its IRS tax-exemption ruling in October 2001, 25 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 2023, Arts Council of the Valley reported income of $668k and spending of $676k, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $408k to $668k (+64%), an average of +13% a year. The sharpest change came in the year to June 2022, when income rose by 95%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Arts Council of the Valley sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within VA. Charities of a similar size with the same main cause include Tucson Girls Chorus Association Inc ($668k), Diaspora Vibe Cultural Arts Incubator Inc ($669k) and Polk Theatre Inc ($668k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 31% and program service revenue 55% of the total. Other salaries and wages came to $241k. At year end it held assets of $329k against liabilities of $4,028, net assets of $325k. It reported 15 employees.