Pocosin Arts Incorporated

Analysis

Pocosin Arts Incorporated is a registered charity in United States, based in Columbia, NC. It received its IRS tax-exemption ruling in January 1995, 31 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, Pocosin Arts Incorporated reported income of $1.0m and spending of $950k, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $361k to $1.0m (+179%), an average of +29% a year. The sharpest change came in the year to June 2021, when income rose by 381%. Over the whole period it spent 64% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Pocosin Arts Incorporated sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within NC. Charities of a similar size with the same main cause include Northwest Girl Choir ($1.0m), The Sarasota Cuban Ballet School Inc ($1.0m) and Tampa Bay Blues Foundation Inc ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 39% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $88k (9.3% of expenses). Other salaries and wages came to $230k. At year end it held assets of $4.2m against liabilities of $279k, net assets of $3.9m. It reported 9 employees.