Arts Council of Wayne County

Analysis

Arts Council of Wayne County is a registered charity in United States, based in Goldsboro, NC. It received its IRS tax-exemption ruling in August 1964, 62 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 June 2024, Arts Council of Wayne County reported income of $394k and spending of $323k, spending 82% of its income. Across the 5 years on record, from June 2019 to June 2024, income grew from $264k to $394k (+49%), an average of +10% a year. The sharpest change came in the year to June 2021, when income rose by 59%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Arts Council of Wayne County sits at the 65th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within NC. Charities of a similar size with the same main cause include Susan Mast ALS Foundation Inc ($394k), 4-H Clubs & Affiliated 4-H Organizations ($394k) and Maryland Federation of Art Inc ($394k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 83% and program service revenue 14% of the total. Other salaries and wages came to $62k. At year end it held assets of $165k against liabilities of $0, net assets of $165k. It reported 2 employees.