High Point Arts Council Inc

Analysis

High Point Arts Council Inc is a registered charity in United States, based in High Point, NC. It received its IRS tax-exemption ruling in July 1971, 55 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, High Point Arts Council Inc reported income of $623k and spending of $489k, leaving 22% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $684k to $623k (-8.9%), an average of -2.3% a year. The sharpest change came in the year to June 2022, when income rose by 53%. Over the whole period it spent 75% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, High Point Arts Council Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within NC. Charities of a similar size with the same main cause include Springfield Ballet Inc ($623k), Caring Fields Felines ($623k) and Chippewa Valley Cultural Association Inc ($623k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 86% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $87k (18% of expenses). At year end it held assets of $1.2m against liabilities of $26k, net assets of $1.2m. It reported 7 employees.