Leeds Arts Council Inc

Analysis

Leeds Arts Council Inc is a registered charity in United States, based in Leeds, AL. It received its IRS tax-exemption ruling in April 1994, 32 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 December 2023, Leeds Arts Council Inc reported income of $151k and spending of $121k, spending 80% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $103k to $151k (+46%), an average of +46% a year. The sharpest change came in the year to December 2023, when income rose by 46%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Leeds Arts Council Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 48th percentile within AL. Charities of a similar size with the same main cause include Gay Lesbian and Affirming Disciples Alliance ($151k), Scott High Student Activities Boosters ($151k) and Harvard Club of Southern Conn ($151k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 40% and program service revenue 52% of the total. At year end it held assets of $89k against liabilities of $0, net assets of $89k.