Martin County Arts Council

Analysis

Martin County Arts Council is a registered charity in United States, based in Williamston, NC. It received its IRS tax-exemption ruling in June 1982, 44 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 2024, Martin County Arts Council reported income of $97k and spending of $112k, spending 116% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $67k to $97k (+45%), an average of +9.7% a year. The sharpest change came in the year to June 2023, when income rose by 36%. Over the whole period it spent 135% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Martin County Arts Council sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 34th percentile within NC. Charities of a similar size with the same main cause include Musica Nova Inc ($97k), Kearney Community Concert Association Inc ($97k) and Geros Tou Morea Inc ($97k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 87% and program service revenue 1.1% of the total. Other salaries and wages came to $23k. At year end it held assets of $247k against liabilities of $0, net assets of $247k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.