Alamance County Arts Council Inc

Analysis

Alamance County Arts Council Inc is a registered charity in United States, based in Graham, NC. It received its IRS tax-exemption ruling in June 1964, 62 years ago. 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, Alamance County Arts Council Inc reported income of $692k and spending of $682k, spending 99% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $555k to $692k (+25%), an average of +7.6% a year. The sharpest change came in the year to June 2021, when income rose by 16%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Alamance County Arts Council Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within NC. Charities of a similar size with the same main cause include Chittenden County Goverment Access Channel Trust ($692k), St Joseph Foundation ($692k) and First Choice Womens Medical Center Inc ($692k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 71% and program service revenue 24% of the total. Other salaries and wages came to $198k. At year end it held assets of $1.3m against liabilities of $6,229, net assets of $1.3m. It reported 11 employees.