Black Mountain College Museums & Arts Center

Analysis

Black Mountain College Museums & Arts Center is a registered charity in United States, based in Asheville, NC. It received its IRS tax-exemption ruling in May 1994, 32 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Black Mountain College Museums & Arts Center reported income of $1.8m and spending of $608k, leaving 67% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $400k to $1.8m (+356%), an average of +46% a year. The sharpest change came in the year to December 2023, when income rose by 142%. Over the whole period it spent 67% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Black Mountain College Museums & Arts Center sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within NC. Charities of a similar size with the same main cause include Georgia Humanities Council Inc ($1.8m), Living Arts International Inc ($1.8m) and Arts Council of Greater New Haven Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Other salaries and wages came to $170k. At year end it held assets of $2.4m against liabilities of $1,773, net assets of $2.4m. It reported 5 employees.