The Stanly County Arts Council Inc

Analysis

The Stanly County Arts Council Inc is a registered charity in United States, based in Albemarle, NC. It received its IRS tax-exemption ruling in November 1975, 51 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 2024, The Stanly County Arts Council Inc reported income of $150k and spending of $143k, spending 96% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $121k to $150k (+23%), an average of +23% a year. The sharpest change came in the year to June 2024, when income rose by 23%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Stanly County Arts Council Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 45th percentile within NC. Charities of a similar size with the same main cause include Piedmont Play School ($150k), Florida Watercolor Society Inc ($150k) and Friends of Maryland State Library for Blind & Physically Handicapped ($150k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 87% and program service revenue 12% of the total. At year end it held assets of $114k against liabilities of $23k, net assets of $91k.