Chowan Arts Council

Analysis

Chowan Arts Council is a registered charity in United States, based in Edenton, NC. It received its IRS tax-exemption ruling in December 1980, 46 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 2023, Chowan Arts Council reported income of $143k and spending of $149k, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $241k to $143k (-40%), an average of -12% a year. The sharpest change came in the year to June 2020, when income dropped by 57%. Over the whole period it spent 65% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Chowan Arts Council sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 44th percentile within NC. Charities of a similar size with the same main cause include American Gothic Performing Arts ($143k), Rawls Museum Arts Inc ($143k) and Oklahomans for the Arts Inc ($143k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 28% and program service revenue 17% of the total. Other salaries and wages came to $74k. At year end it held assets of $497k against liabilities of $182k, net assets of $315k. It reported 6 employees.