Greenville Arts Festival

Analysis

Greenville Arts Festival is a registered charity in United States, based in Greenville, SC. It received its IRS tax-exemption ruling in December 2004, 22 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 September 2023, Greenville Arts Festival reported income of $1.7m and spending of $1.7m, spending 99% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.5m to $1.7m (+12%), an average of +2.9% a year. The sharpest change came in the year to September 2021, when income rose by 165%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Greenville Arts Festival sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 88th percentile within SC. Charities of a similar size with the same main cause include Mary Louise Curtis Bok Foundation ($1.7m), Hattiloo Theatre ($1.7m) and New Urban Arts ($1.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 84% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $134k (7.9% of expenses). Other salaries and wages came to $201k. At year end it held assets of $482k against liabilities of $43k, net assets of $439k. It reported 4 employees.