Arts Council of Wilson Inc

Analysis

Arts Council of Wilson Inc is a registered charity in United States, based in Wilson, NC. It received its IRS tax-exemption ruling in February 1968, 58 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, Arts Council of Wilson Inc reported income of $1.0m and spending of $871k, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.3m to $1.0m (-18%), an average of -4.8% a year. The sharpest change came in the year to June 2021, when income rose by 57%. Over the whole period it spent 57% 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 Wilson Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within NC. Charities of a similar size with the same main cause include Christian Ministries of the Valley Inc ($1.0m), Behind the Badge Foundation ($1.0m) and Rose Blumkin Performing Arts Center Foundation ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 63% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $65k (7.5% of expenses). Other salaries and wages came to $187k. At year end it held assets of $4.4m against liabilities of $28k, net assets of $4.4m. It reported 12 employees.