Rose Center and Council for the Arts Inc

Analysis

Rose Center and Council for the Arts Inc is a registered charity in United States, based in Morristown, TN. It received its IRS tax-exemption ruling in May 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 2023, Rose Center and Council for the Arts Inc reported income of $432k and spending of $295k, leaving 32% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $312k to $432k (+39%), an average of +8.5% a year. The sharpest change came in the year to June 2022, when income rose by 54%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rose Center and Council for the Arts Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 69th percentile within TN. Charities of a similar size with the same main cause include Worthington Senior Housing Inc ($432k), Big Brothers-Big Sisters of Fairfield Co Inc ($432k) and National Church Residences of Massillon Oh ($432k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 57% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $47k (16% of expenses). Other salaries and wages came to $32k. At year end it held assets of $945k against liabilities of $22k, net assets of $923k. It reported 5 employees.