United Arts Council of Raleigh and Wake County Inc

Analysis

United Arts Council of Raleigh and Wake County Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in May 1966, 60 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, United Arts Council of Raleigh and Wake County Inc reported income of $2.2m and spending of $2.1m, spending 96% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.5m to $2.2m (+55%), an average of +16% a year. The sharpest change came in the year to June 2021, when income rose by 82%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, United Arts Council of Raleigh and Wake County Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within NC. Charities of a similar size with the same main cause include San Diego Childrens Discovery Museum ($2.2m), Shell Museum and Educational Foundation Inc ($2.2m) and Gateway Film Foundation ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 76% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $178k (8.3% of expenses). Other salaries and wages came to $237k. At year end it held assets of $1.2m against liabilities of $88k, net assets of $1.2m. It reported 8 employees.