Athens Area Council for the Arts

Analysis

Athens Area Council for the Arts is a registered charity in United States, based in Athens, TN. It received its IRS tax-exemption ruling in August 1981, 45 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, Athens Area Council for the Arts reported income of $1.3m and spending of $550k, leaving 59% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $313k to $1.3m (+323%), an average of +43% a year. The sharpest change came in the year to June 2023, when income rose by 287%. Over the whole period it spent 61% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Athens Area Council for the Arts sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 84th percentile within TN. Charities of a similar size with the same main cause include Sembramedia ($1.3m), Wiener Museum of Decorative Arts Inc ($1.3m) and Cantus ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $54k (9.8% of expenses). Other salaries and wages came to $78k. At year end it held assets of $1.7m against liabilities of $6,634, net assets of $1.7m. It reported 5 employees.