Davie County Arts Council

Analysis

Davie County Arts Council is a registered charity in United States, based in Mocksville, NC. It received its IRS tax-exemption ruling in December 1975, 51 years ago. 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 2024, Davie County Arts Council reported income of $270k and spending of $274k, spending 101% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $222k to $270k (+22%), an average of +5.1% a year. The sharpest change came in the year to June 2022, when income rose by 35%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Davie County Arts Council sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 58th percentile within NC. Charities of a similar size with the same main cause include Loveland Parks and Recreation Foundation ($270k), Project Use-Urban Suburban ($271k) and Suscol Council ($270k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 34% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $51k (18% of expenses). Other salaries and wages came to $39k. At year end it held assets of $97k against liabilities of $44k, net assets of $53k. It reported 7 employees.