Surry Arts Council

Analysis

Surry Arts Council is a registered charity in United States, based in Mount Airy, NC. It received its IRS tax-exemption ruling in December 1969, 57 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, Surry Arts Council reported income of $2.4m and spending of $1.4m, leaving 41% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.7m to $2.4m (+36%), an average of +8.1% a year. The sharpest change came in the year to June 2022, when income rose by 65%. Over the whole period it spent 57% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Surry Arts Council sits at the 86th percentile: it is larger than about 86% 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 Dorchester Academy Inc ($2.4m), American Society of Animal Science Inc ($2.4m) and National Crime Prevention Council Inc ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 49% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $158k (11% of expenses). Other salaries and wages came to $454k. At year end it held assets of $7.7m against liabilities of $593k, net assets of $7.1m. It reported 22 employees.