Nash County Arts Council

Analysis

Nash County Arts Council is a registered charity in United States, based in Nashville, NC. It received its IRS tax-exemption ruling in September 1985, 41 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Nash County Arts Council reported income of $196k and spending of $193k, spending 99% of its income. Across the 3 years on record, from June 2021 to June 2024, income fell from $232k to $196k (-16%), an average of -8.2% a year. The sharpest change came in the year to June 2023, when income dropped by 24%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Nash County Arts Council sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 51st percentile within NC. Charities of a similar size with the same main cause include Camphill Association of North America ($196k), Mission Plaza Tenants Association ($196k) and Nashville Rotary Service Trust ($196k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 84% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $44k (23% of expenses). At year end it held assets of $217k against liabilities of $2,233, net assets of $214k. It reported 1 employees.