Caldwell Arts Council Inc

Analysis

Caldwell Arts Council Inc is a registered charity in United States, based in Lenoir, NC. It received its IRS tax-exemption ruling in October 1978, 48 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, Caldwell Arts Council Inc reported income of $421k and spending of $254k, leaving 40% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $247k to $421k (+71%), an average of +14% a year. The sharpest change came in the year to June 2024, when income rose by 97%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Caldwell Arts Council Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within NC. Charities of a similar size with the same main cause include National Church Residences ($421k), Little League Baseball Inc ($421k) and The Summit County Rotary Charitable Fund ($421k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 49% and program service revenue 7.9% of the total. Other salaries and wages came to $77k. At year end it held assets of $1.0m against liabilities of $424k, net assets of $595k. It reported 4 employees.