Tryon Fine Arts Center Inc

Analysis

Tryon Fine Arts Center Inc is a registered charity in United States, based in Tryon, NC. It received its IRS tax-exemption ruling in September 1967, 59 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, Tryon Fine Arts Center Inc reported income of $829k and spending of $805k, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.1m to $829k (-22%), an average of -6.1% a year. The sharpest change came in the year to June 2021, when income dropped by 26%. Over the whole period it spent 66% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Tryon Fine Arts Center Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within NC. Charities of a similar size with the same main cause include St George Childrens Museum ($828k), Lake Region Arts Council Inc ($829k) and Forward Biolabs Inc ($828k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 54% and program service revenue 18% of the total. Other salaries and wages came to $181k. At year end it held assets of $7.9m against liabilities of $2,360, net assets of $7.9m. It reported 4 employees.