Arts Council Inc Union Co

Analysis

Arts Council Inc Union Co is a registered charity in United States, based in Monroe, NC. It received its IRS tax-exemption ruling in October 1980, 46 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 (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, Arts Council Inc Union Co reported income of $395k and spending of $473k, spending 120% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $353k to $395k (+12%), an average of +2.9% a year. The sharpest change came in the year to June 2021, when income rose by 95%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Arts Council Inc Union Co sits at the 73rd percentile: it is larger than about 73% 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 Fort Chadbourne Foundation ($395k), Tamworth Music Festival Inc ($395k) and Andover Community Access and Media Inc ($395k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% and program service revenue 10% of the total. Other salaries and wages came to $109k. At year end it held assets of $895k against liabilities of $35k, net assets of $860k. It reported 2 employees.