Transylvania Community Arts Council

Analysis

Transylvania Community Arts Council is a registered charity in United States, based in Brevard, NC. It received its IRS tax-exemption ruling in November 1982, 44 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 2024, Transylvania Community Arts Council reported income of $130k and spending of $125k, spending 96% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $66k to $130k (+97%), an average of +18% a year. The sharpest change came in the year to June 2022, when income rose by 25%. Over the whole period it spent 114% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Transylvania Community Arts Council sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 41st percentile within NC. Charities of a similar size with the same main cause include Watershed Public Theatre ($130k), Green Planet Films Inc ($130k) and Texas Orchestra Directors Association ($130k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $59k (47% of expenses). Other salaries and wages came to $17k. At year end it held assets of $328k against liabilities of $2,473, net assets of $325k. It reported 3 employees.