Arts Council of Lincoln County Inc

Analysis

Arts Council of Lincoln County Inc is a registered charity in United States, based in Lincolnton, NC. It received its IRS tax-exemption ruling in March 1977, 49 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 June 2022, Arts Council of Lincoln County Inc reported income of $83k and spending of $102k, spending 123% of what it took in. Across the 2 years on record, from June 2021 to June 2022, income fell from $188k to $83k (-56%), an average of -56% a year. The sharpest change came in the year to June 2022, when income dropped by 56%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Arts Council of Lincoln County Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 30th percentile within NC. Charities of a similar size with the same main cause include Central New York Chapter NRHS Inc ($83k), Hibernian Cultural and Charitable Association Inc ($83k) and Bear on the Square Mountain Festival Inc ($83k).

On its Form 990-EZ for the period ending June 2022, revenue came from contributions and grants 83% and program service revenue 17% of the total. At year end it held assets of $137k against liabilities of $1,384, net assets of $136k.