Arts Council of Carter County Inc

Analysis

Arts Council of Carter County Inc is a registered charity in United States, based in Morehead City, NC. It received its IRS tax-exemption ruling in February 1977, 49 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, Arts Council of Carter County Inc reported income of $180k and spending of $189k, spending 105% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $129k to $180k (+40%), an average of +40% a year. The sharpest change came in the year to June 2024, when income rose by 40%. Over the whole period it spent 114% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Arts Council of Carter County Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 49th percentile within NC. Charities of a similar size with the same main cause include MBC Holding Inc ($180k), Cedar Corporation ($180k) and Tri-Cities Youth Soccer Association ($180k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 80% of the total. Other salaries and wages came to $55k. At year end it held assets of $138k against liabilities of $1,776, net assets of $136k. It reported 1 employees.