Chatham County Arts Council Incorporated

Analysis

Chatham County Arts Council Incorporated is a registered charity in United States, based in Pittsboro, NC. It received its IRS tax-exemption ruling in January 1990, 36 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, Chatham County Arts Council Incorporated reported income of $329k and spending of $336k, spending 102% of its income. Across the 3 years on record, from June 2021 to June 2023, income fell from $355k to $329k (-7.5%), an average of -3.8% a year. The sharpest change came in the year to June 2022, when income dropped by 22%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Chatham County Arts Council Incorporated sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 62nd percentile within NC. Charities of a similar size with the same main cause include Trustees of Purdue University ($329k), Native Sons of the Golden West Charitable Foundation ($329k) and Monterey State Historic Park Association ($329k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 2.2% of the total. Compensation of current officers, directors and key employees was $74k (22% of expenses). Other salaries and wages came to $93k. At year end it held assets of $177k against liabilities of $14k, net assets of $164k. It reported 7 employees.