Anson County Arts Council Inc

Analysis

Anson County Arts Council Inc is a registered charity in United States, based in Wadesboro, NC. It received its IRS tax-exemption ruling in October 1979, 47 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, Anson County Arts Council Inc reported income of $151k and spending of $219k, spending 145% of what it took in. Across the 4 years on record, from June 2019 to June 2022, income fell from $263k to $151k (-43%), an average of -17% a year. The sharpest change came in the year to June 2020, when income dropped by 47%. Over the whole period it spent 132% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Anson County Arts Council Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 45th percentile within NC. Charities of a similar size with the same main cause include Pinetop Lakeside Senior Citizens ($151k), Bellevue Fish and Loaves ($151k) and Loon Lake Food Bank and Resource Center ($151k).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 33% and program service revenue 65% of the total. Other salaries and wages came to $87k. At year end it held assets of $1.1m against liabilities of $1,616, net assets of $1.1m. It reported 2 employees.

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.