Toe River Arts Council Inc

Analysis

Toe River Arts Council Inc is a registered charity in United States, based in Spruce Pine, NC. It received its IRS tax-exemption ruling in September 1977, 49 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Toe River Arts Council Inc reported income of $460k and spending of $497k, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $380k to $460k (+21%), an average of +4.9% a year. The sharpest change came in the year to June 2020, when income dropped by 41%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Toe River Arts Council Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within NC. Charities of a similar size with the same main cause include The Divisionon Autism and Developmental Disabilities of the ($460k), Guilford Free Public Library Asso Inc ($461k) and Fox Cities Marathon Inc ($460k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 71% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $52k (10% of expenses). Other salaries and wages came to $77k. At year end it held assets of $503k against liabilities of $9,267, net assets of $494k. It reported 5 employees.