Haywood County Arts Council Inc

Analysis

Haywood County Arts Council Inc is a registered charity in United States, based in Waynesville, NC. It received its IRS tax-exemption ruling in June 1984, 42 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Haywood County Arts Council Inc reported income of $382k and spending of $375k, spending 98% of its income. Across the 4 years on record, from June 2021 to June 2024, income grew from $361k to $382k (+6.1%), an average of +2.0% a year. The sharpest change came in the year to June 2023, when income rose by 26%. Over the whole period it spent 81% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Haywood County Arts Council Inc sits at the 73rd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within NC. Charities of a similar size with the same main cause include Grand Foundation ($382k), Berkshire County Historical Society Inc ($382k) and Foundation for Arts and Cultural Connections Inc ($382k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 48% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $43k (12% of expenses). At year end it held assets of $332k against liabilities of $6,318, net assets of $326k. It reported 4 employees.