Farmville Community Arts Council Inc

Analysis

Farmville Community Arts Council Inc is a registered charity in United States, based in Farmville, NC. It received its IRS tax-exemption ruling in February 1978, 48 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 2022, Farmville Community Arts Council Inc reported income of $119k and spending of $165k, spending 138% of what it took in. Across the 4 years on record, from June 2019 to June 2022, income grew from $96k to $119k (+24%), an average of +7.5% a year. The sharpest change came in the year to June 2021, when income rose by 170%. Over the whole period it spent 75% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Farmville Community Arts Council Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 39th percentile within NC. Charities of a similar size with the same main cause include PTA Kentucky Congress ($119k), Milton Hershey School Alumni Assn ($119k) and East Central Youth Sports Association ($119k).

On its Form 990-EZ for the period ending June 2022, revenue came from contributions and grants 82% and program service revenue 8.1% of the total. At year end it held assets of $223k against liabilities of $339, net assets of $222k.