The Arts Council of Moore County Inc

Analysis

The Arts Council of Moore County Inc is a registered charity in United States, based in Southern Pnes, NC. It received its IRS tax-exemption ruling in June 1979, 47 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, The Arts Council of Moore County Inc reported income of $898k and spending of $815k, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $919k to $898k (-2.3%), an average of -0.6% a year. The sharpest change came in the year to June 2022, when income rose by 59%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Arts Council of Moore County Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within NC. Charities of a similar size with the same main cause include Bioscience Los Angeles County Inc ($898k), Michigan Irish Music Festival Muskegon ($898k) and Westrick Music Academy Inc ($898k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 55% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $68k (8.4% of expenses). Other salaries and wages came to $160k. At year end it held assets of $732k against liabilities of $119k, net assets of $613k. It reported 6 employees.