Arts Council of Henderson County Inc

Analysis

Arts Council of Henderson County Inc is a registered charity in United States, based in Hendersonvlle, NC. It received its IRS tax-exemption ruling in February 1982, 44 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, Arts Council of Henderson County Inc reported income of $125k and spending of $56k, leaving 56% of income unspent that year. Across the 3 years on record, from December 2020 to June 2023, income fell from $232k to $125k (-46%), an average of -27% a year. The sharpest change came in the year to December 2022, when income dropped by 35%. Over the whole period it spent 77% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Arts Council of Henderson County Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 41st percentile within NC. Charities of a similar size with the same main cause include Spruce Creek Musical Performing Arts Association Inc ($125k), Canaan Shin Sheng Christian Church ($125k) and Innovative Concepts ($125k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 64% and program service revenue 35% of the total. At year end it held assets of $114k against liabilities of $710, net assets of $113k.