Black Mountain-Swannanoa Art Center

Analysis

Black Mountain-Swannanoa Art Center is a registered charity in United States, based in Black MTN, NC. It received its IRS tax-exemption ruling in May 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, Black Mountain-Swannanoa Art Center reported income of $418k and spending of $387k, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $281k to $418k (+49%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 23%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Black Mountain-Swannanoa Art Center 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 Ink Cares ($418k), Friends of the Big Fresno Fair ($418k) and Music Theatre Philly LLC ($418k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 31% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $72k (19% of expenses). Other salaries and wages came to $68k. At year end it held assets of -$5,509 against liabilities of $0, net assets of -$5,509.