Albany Area Arts Council Inc

Analysis

Albany Area Arts Council Inc is a registered charity in United States, based in Albany, GA. It received its IRS tax-exemption ruling in May 1977, 49 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, Albany Area Arts Council Inc reported income of $88k and spending of $79k, spending 89% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $82k to $88k (+7.4%), an average of +7.4% a year. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Albany Area Arts Council Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 35th percentile within GA. Charities of a similar size with the same main cause include Dorchester Historical Society ($88k), Roanoke Symphony Foundation 708 Dominion Bank Building ($88k) and The Bernard and Shirley Kinsey Foundation for Arts and Education ($88k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 76% and program service revenue 3.5% of the total. At year end it held assets of $67k against liabilities of $1,373, net assets of $66k.