The Foundation of Arts for N E Arkansas Inc

Analysis

The Foundation of Arts for N E Arkansas Inc is a registered charity in United States, based in Jonesboro, AR. It received its IRS tax-exemption ruling in September 1986, 40 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 July 2023, The Foundation of Arts for N E Arkansas Inc reported income of $768k and spending of $780k, spending 102% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $649k to $768k (+18%), an average of +4.3% a year. The sharpest change came in the year to July 2021, when income rose by 59%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Foundation of Arts for N E Arkansas 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 76th percentile, and in the 77th percentile within AR. Charities of a similar size with the same main cause include Humane Society of Harris Co Inc ($768k), Take This Inc ($768k) and Society for Applied Anthropology ($768k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 27% and program service revenue 61% of the total. Other salaries and wages came to $380k. At year end it held assets of $376k against liabilities of $66k, net assets of $310k. It reported 44 employees.