Montgomery County Council for the Arts Inc

Analysis

Montgomery County Council for the Arts Inc is a registered charity in United States, based in Mt Sterling, KY. It received its IRS tax-exemption ruling in November 1998, 28 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 2023, Montgomery County Council for the Arts Inc reported income of $354k and spending of $352k, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $147k to $354k (+141%), an average of +25% a year. The sharpest change came in the year to June 2021, when income rose by 222%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Montgomery County Council for the Arts Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within KY. Charities of a similar size with the same main cause include KQ Media Group Inc ($354k), Lumber Heritage Region of Pa Inc ($354k) and Inwood Art Works ($354k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 67% and program service revenue 23% of the total. Other salaries and wages came to $58k. At year end it held assets of $1.8m against liabilities of -$123, net assets of $1.8m.