Macon County Art Association

Analysis

Macon County Art Association is a registered charity in United States, based in Franklin, NC. It received its IRS tax-exemption ruling in November 1991, 35 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, Macon County Art Association reported income of $67k and spending of $59k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $70k to $67k (-4.2%), an average of -4.2% a year. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Macon County Art Association sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 24th percentile within NC. Charities of a similar size with the same main cause include PTA New Jersey Congress of Parents and Teachers ($67k), Phillips County Historical Society ($67k) and Sara and Morton Brodsky Family Foundation Inc ($67k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 6.9% and program service revenue 80% of the total. At year end it held assets of $41k against liabilities of $0, net assets of $41k.