Berea Arts Council Inc

Analysis

Berea Arts Council Inc is a registered charity in United States, based in Berea, KY. It received its IRS tax-exemption ruling in December 1986, 40 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 2023, Berea Arts Council Inc reported income of $101k and spending of $81k, spending 80% of its income. Across the 2 years on record, from June 2019 to June 2023, income fell from $195k to $101k (-49%), an average of -48% a year. The sharpest change came in the year to June 2023, when income dropped by 49%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Berea Arts Council Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 36th percentile within KY. Charities of a similar size with the same main cause include Jamyang Foundation ($101k), Weber County Library Development Fund ($101k) and PTA California Congress of Parents Teachers & Students Inc ($101k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 52% and program service revenue 14% of the total. At year end it held assets of $52k against liabilities of $2,126, net assets of $50k.