Community Arts Association in Newton County Inc

Analysis

Community Arts Association in Newton County Inc is a registered charity in United States, based in Covington, GA. It received its IRS tax-exemption ruling in May 1989, 37 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 2023, Community Arts Association in Newton County Inc reported income of $968k and spending of $949k, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $957k to $968k (+1.1%), an average of +0.3% a year. The sharpest change came in the year to June 2021, when income dropped by 16%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Community Arts Association in Newton County Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 82nd percentile within GA. Charities of a similar size with the same main cause include Korean Sports Association of New York Inc ($968k), Sigal Music Museum ($968k) and The Shane Lalani Center for the Arts ($967k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 60% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $102k (11% of expenses). Other salaries and wages came to $425k. At year end it held assets of $781k against liabilities of $3,693, net assets of $778k. It reported 32 employees.