Alleghany Arts Council

Analysis

Alleghany Arts Council is a registered charity in United States, based in Sparta, NC. It received its IRS tax-exemption ruling in May 1984, 42 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Alleghany Arts Council reported income of $62k and spending of $85k, spending 137% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income fell from $96k to $62k (-36%), an average of -36% a year. The sharpest change came in the year to June 2024, when income dropped by 36%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Alleghany Arts Council sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 22nd percentile within NC. Charities of a similar size with the same main cause include Friends of the Bernardsville Public Library Inc ($62k), Hood River Valley Booster Club ($62k) and Virginia Congress of Parents and Teachers ($62k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 86% and program service revenue 12% of the total. At year end it held assets of $51k against liabilities of $145, net assets of $51k.