Lee County Arts Council

Analysis

Lee County Arts Council is a registered charity in United States, based in Sanford, NC. It received its IRS tax-exemption ruling in December 1988, 38 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, Lee County Arts Council reported income of $89k and spending of $83k, spending 94% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $64k to $89k (+39%), an average of +39% a year. The sharpest change came in the year to June 2024, when income rose by 39%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lee County Arts Council sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 31st percentile within NC. Charities of a similar size with the same main cause include Lutheran Chautauqua Assn ($89k), San Dieguito Heritage Museum ($89k) and Medfield High School Parent Teacher Organization Inc ($89k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 99% of the total. At year end it held assets of $14k against liabilities of $310, net assets of $14k.