Art League of Henderson County Inc

Analysis

Art League of Henderson County Inc is a registered charity in United States, based in Hendersonvlle, NC. It received its IRS tax-exemption ruling in September 1992, 34 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 December 2023, Art League of Henderson County Inc reported income of $185k and spending of $178k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $100k to $185k (+85%), an average of +85% a year. The sharpest change came in the year to December 2023, when income rose by 85%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Art League of Henderson County Inc 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 52nd percentile, and in the 50th percentile within NC. Charities of a similar size with the same main cause include Little League Baseball Inc ($185k), Wild and Free Wildlife Program ($185k) and Ministries of New Life Inc ($185k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 61% of the total. At year end it held assets of $83k against liabilities of $3,647, net assets of $79k.