Arts Council of Wilmington and New Hanover County

Analysis

Arts Council of Wilmington and New Hanover County is a registered charity in United States, based in Wilmington, NC. It received its IRS tax-exemption ruling in June 2002, 24 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Arts Council of Wilmington and New Hanover County reported income of $623k and spending of $523k, spending 84% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $207k to $623k (+201%), an average of +32% a year. The sharpest change came in the year to June 2021, when income rose by 155%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Arts Council of Wilmington and New Hanover County sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within NC. Charities of a similar size with the same main cause include Foundation for Historic Christ Church Incorporated ($623k), Carbondale Community Arts Incorporated ($623k) and Caring Fields Felines ($623k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 3.4% of the total. Compensation of current officers, directors and key employees was $97k (18% of expenses). Other salaries and wages came to $36k. At year end it held assets of $0 against liabilities of $0, net assets of $0. It reported 4 employees.