Cleveland County Arts Council Inc

Analysis

Cleveland County Arts Council Inc is a registered charity in United States, based in Shelby, NC. It received its IRS tax-exemption ruling in February 1987, 39 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, Cleveland County Arts Council Inc reported income of $313k and spending of $252k, spending 81% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $310k to $313k (+1.0%), an average of +0.2% a year. The sharpest change came in the year to June 2021, when income rose by 98%. 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, Cleveland County Arts Council Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within NC. Charities of a similar size with the same main cause include Arch Court Inc ($313k), The Bristol Emergency Food Pantry ($313k) and New Woodstock Free Library ($313k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 57% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $53k (21% of expenses). Other salaries and wages came to $47k. At year end it held assets of $493k against liabilities of $71k, net assets of $422k. It reported 8 employees.