Arts Davidson County Inc

Analysis

Arts Davidson County Inc is a registered charity in United States, based in Lexington, NC. It received its IRS tax-exemption ruling in October 1976, 50 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 2022, Arts Davidson County Inc reported income of $71k and spending of $74k, spending 105% of what it took in. Across the 2 years on record, from June 2021 to June 2022, income fell from $228k to $71k (-69%), an average of -69% a year. The sharpest change came in the year to June 2022, when income dropped by 69%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Arts Davidson County Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 26th percentile within NC. Charities of a similar size with the same main cause include Share Science Inc ($71k), Sweet Adelines International ($71k) and Historic Morgantown Post Office Building Inc ($71k).

On its Form 990-EZ for the period ending June 2022, revenue came from contributions and grants 102% of the total. At year end it held assets of $37k against liabilities of $1,827, net assets of $35k.