Arts Council of Greenwood County Inc

Analysis

Arts Council of Greenwood County Inc is a registered charity in United States, based in Greenwood, SC. It received its IRS tax-exemption ruling in January 1995, 31 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 December 2022, Arts Council of Greenwood County Inc reported income of $352k and spending of $372k, spending 106% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $295k to $352k (+20%), an average of +6.1% a year. The sharpest change came in the year to December 2021, when income rose by 37%. Over the whole period it spent 102% 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 Greenwood County Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 69th percentile within SC. Charities of a similar size with the same main cause include Overland Park Historical Society Inc ($352k), Texas Association of Museums ($352k) and International Society for Performance Improvement ($352k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 65% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $45k (12% of expenses). Other salaries and wages came to $142k. At year end it held assets of $1.7m against liabilities of $59k, net assets of $1.7m. It reported 17 employees.