Colquitt County Arts Council Inc

Analysis

Colquitt County Arts Council Inc is a registered charity in United States, based in Moultrie, GA. It received its IRS tax-exemption ruling in September 1983, 43 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, Colquitt County Arts Council Inc reported income of $720k and spending of $585k, spending 81% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $482k to $720k (+49%), an average of +11% a year. The sharpest change came in the year to June 2023, when income rose by 21%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Colquitt County Arts Council Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 79th percentile within GA. Charities of a similar size with the same main cause include Kaweah Water Foundation ($720k), Pacific Northwest Bleeding Disorders ($720k) and Eastern Connecticut Ballet Inc ($720k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 75% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $60k (10% of expenses). Other salaries and wages came to $97k. At year end it held assets of $1.3m against liabilities of $3,412, net assets of $1.3m. It reported 8 employees.