Greater Augusta Arts Council Inc

Analysis

Greater Augusta Arts Council Inc is a registered charity in United States, based in Augusta, GA. It received its IRS tax-exemption ruling in September 1968, 58 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 2024, Greater Augusta Arts Council Inc reported income of $1.3m and spending of $1.2m, spending 96% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $878k to $1.3m (+43%), an average of +9.3% a year. The sharpest change came in the year to June 2022, when income rose by 72%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Greater Augusta Arts Council Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 85th percentile within GA. Charities of a similar size with the same main cause include E M Jellinek Center Inc ($1.3m), Association of Family Medicine Residency Directors ($1.3m) and Mount Carmel Housing Inc ($1.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 58% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $80k (6.6% of expenses). Other salaries and wages came to $120k. At year end it held assets of $524k against liabilities of $235k, net assets of $288k. It reported 7 employees.