Watauga County Arts Council Inc

Analysis

Watauga County Arts Council Inc is a registered charity in United States, based in Boone, NC. It received its IRS tax-exemption ruling in August 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, Watauga County Arts Council Inc reported income of $215k and spending of $205k, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $101k to $215k (+113%), an average of +21% a year. The sharpest change came in the year to June 2022, when income rose by 62%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Watauga County Arts Council Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 53rd percentile within NC. Charities of a similar size with the same main cause include Neighbors Network ($215k), Meal on Wheels Industry Inc ($215k) and Sampson Arts Council Inc ($215k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 36% and program service revenue 57% of the total. Other salaries and wages came to $38k. At year end it held assets of $127k against liabilities of $44k, net assets of $83k. It reported 2 employees.