Southwest Arkansas Arts Council Inc

Analysis

Southwest Arkansas Arts Council Inc is a registered charity in United States, based in Hope, AR. It received its IRS tax-exemption ruling in December 1986, 40 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, Southwest Arkansas Arts Council Inc reported income of $57k and spending of $80k, spending 140% of what it took in. Across the 4 years on record, from June 2020 to June 2024, income fell from $94k to $57k (-39%), an average of -15% a year. The sharpest change came in the year to June 2024, when income dropped by 26%. Over the whole period it spent 118% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Southwest Arkansas Arts Council Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 20th percentile within AR. Charities of a similar size with the same main cause include High Peake Inc ($57k), Del Webb Lakewood Ranch Assoc of Veterans & Military Supporters Inc ($57k) and Friends of the Hopkinton Seniors ($57k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 91% of the total. At year end it held assets of $104k against liabilities of $3,414, net assets of $100k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.