Collierville Arts Council Inc

Analysis

Collierville Arts Council Inc is a registered charity in United States, based in Collierville, TN. It received its IRS tax-exemption ruling in November 1989, 37 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 December 2023, Collierville Arts Council Inc reported income of $122k and spending of $128k, spending 105% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $137k to $122k (-11%), an average of -11% a year. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Collierville Arts Council Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 42nd percentile within TN. Charities of a similar size with the same main cause include Hancock-French Woods Arts Alliance Inc ($122k), Boonville Band Sponsors Club Inc ($122k) and Tenderfoot Transmitting Inc ($122k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $73k against liabilities of $0, net assets of $73k.