Ashe County Arts Council

Analysis

Ashe County Arts Council is a registered charity in United States, based in W Jefferson, NC. It received its IRS tax-exemption ruling in August 1988, 38 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 2023, Ashe County Arts Council reported income of $463k and spending of $498k, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $465k to $463k (-0.5%), an average of -0.1% a year. The sharpest change came in the year to June 2022, when income rose by 155%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ashe County Arts Council sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within NC. Charities of a similar size with the same main cause include NCR of Whitehall Housing Development Fund Co Inc ($463k), Interactive Sciences Incorporated ($463k) and Oneonta Nursery School Corporation ($462k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 75% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $46k (9.3% of expenses). Other salaries and wages came to $77k. At year end it held assets of $548k against liabilities of $419, net assets of $547k. It reported 5 employees.