Arts Council Inc

Analysis

Arts Council Inc is a registered charity in United States, based in Gainesville, GA. It received its IRS tax-exemption ruling in December 1973, 53 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, Arts Council Inc reported income of $927k and spending of $921k, spending 99% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $598k to $927k (+55%), an average of +9.2% a year. The sharpest change came in the year to June 2021, when income rose by 107%. Over the whole period it spent 73% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Arts Council Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 82nd percentile within GA. Charities of a similar size with the same main cause include YMCA of Ponce Inc Ponce ($927k), Fidm Scholarship Foundation Inc ($927k) and Geneva Point Center Inc ($927k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 33% and program service revenue 15% of the total. Other salaries and wages came to $276k. At year end it held assets of $7.6m against liabilities of $191k, net assets of $7.4m. It reported 6 employees.