Perquimans Arts League

Analysis

Perquimans Arts League is a registered charity in United States, based in Hertford, NC. It received its IRS tax-exemption ruling in March 2000, 26 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 2024, Perquimans Arts League reported income of $74k and spending of $61k, spending 82% of its income. Across the 2 years on record, from June 2023 to June 2024, income fell from $97k to $74k (-23%), an average of -23% a year. The sharpest change came in the year to June 2024, when income dropped by 23%. Over the whole period it spent 78% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Perquimans Arts League sits at the 33rd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 27th percentile within NC. Charities of a similar size with the same main cause include Tantasqua Education Foundation Inc ($74k), Charleston Pride Inc ($74k) and Brantley County Band Boosters Ltd ($74k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 76% and program service revenue 5.3% of the total. At year end it held assets of $260k against liabilities of $106k, net assets of $154k.