Gaston Arts Council

Analysis

Gaston Arts Council is a registered charity in United States, based in Gastonia, NC. It received its IRS tax-exemption ruling in January 1981, 45 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 2023, Gaston Arts Council reported income of $215k and spending of $223k, spending 104% of its income. Across the 3 years on record, from June 2021 to June 2023, income fell from $347k to $215k (-38%), an average of -21% a year. The sharpest change came in the year to June 2023, when income rose by 131%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gaston Arts Council sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 53rd percentile within NC. Charities of a similar size with the same main cause include Merrimack Valley Immigrant and Education Center Inc ($215k), Olford Ministries International Inc ($215k) and The Joy Fund Foundation ($215k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $73k. At year end it held assets of $20k against liabilities of $0, net assets of $20k. It reported 2 employees.