Dare County Arts Council Inc

Analysis

Dare County Arts Council Inc is a registered charity in United States, based in Manteo, NC. It received its IRS tax-exemption ruling in March 1991, 35 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, Dare County Arts Council Inc reported income of $419k and spending of $459k, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $304k to $419k (+38%), an average of +8.4% a year. The sharpest change came in the year to June 2021, when income rose by 90%. Over the whole period it spent 80% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Dare County Arts Council Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within NC. Charities of a similar size with the same main cause include Cherry Orchard Festival Foundation Corp ($419k), Historic Preservation Foundation of the Fortnightly ($419k) and Eastern Sociological Society Inc Dept of Sociology Park 420 ($419k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 60% and program service revenue 46% of the total. Other salaries and wages came to $143k. At year end it held assets of $767k against liabilities of $61k, net assets of $705k. It reported 4 employees.