Rome Area Council for the Arts Inc

Analysis

Rome Area Council for the Arts Inc is a registered charity in United States, based in Rome, GA. It received its IRS tax-exemption ruling in February 1977, 49 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, Rome Area Council for the Arts Inc reported income of $101k and spending of $160k, spending 159% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $93k to $101k (+8.7%), an average of +2.1% a year. The sharpest change came in the year to June 2022, when income rose by 93%. Over the whole period it spent 119% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rome Area Council for the Arts Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 39th percentile within GA. Charities of a similar size with the same main cause include Supporters of Doelger Senior Center Inc ($101k), PTA California Congress of Parents Teachers & Students Inc ($101k) and Japanese American Citizens League ($101k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 76% of the total. At year end it held assets of $287k against liabilities of $0, net assets of $287k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.