Arts Association of East Alabama

Analysis

Arts Association of East Alabama is a registered charity in United States, based in Opelika, AL. It received its IRS tax-exemption ruling in February 1969, 57 years ago. 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 June 2022, Arts Association of East Alabama reported income of $480k and spending of $419k, spending 87% of its income. Across the 2 years on record, from June 2020 to June 2022, income grew from $434k to $480k (+11%), an average of +11% a year. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Arts Association of East Alabama sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 72nd percentile within AL. Charities of a similar size with the same main cause include Seneca Industrial & Economic Development Corp ($480k), Liberty Baptist Housing Authority Inc ($480k) and Yakima Town Hall ($480k).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 60% and program service revenue 38% of the total. Other salaries and wages came to $54k. At year end it held assets of $200k against liabilities of $9,227, net assets of $190k. It reported 2 employees.