The Arts Council Inc

Analysis

The Arts Council Inc is a registered charity in United States, based in Stuart, FL. It received its IRS tax-exemption ruling in September 1980, 46 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, The Arts Council Inc reported income of $421k and spending of $386k, spending 92% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $513k to $421k (-18%), an average of -4.8% a year. The sharpest change came in the year to September 2020, when income dropped by 44%. 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, The Arts Council Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 70th percentile within FL. Charities of a similar size with the same main cause include Edinburg Dance Theatre ($421k), Arhoolie Foundation ($421k) and Arizona Band & Orchestra Directors Association ($421k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 97% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $79k (21% of expenses). Other salaries and wages came to $151k. At year end it held assets of $134k against liabilities of $25k, net assets of $109k. It reported 8 employees.