Corinth Area Arts Council Inc

Analysis

Corinth Area Arts Council Inc is a registered charity in United States, based in Corinth, MS. It received its IRS tax-exemption ruling in January 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 December 2023, Corinth Area Arts Council Inc reported income of $111k and spending of $107k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $124k to $111k (-11%), an average of -11% a year. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Corinth Area Arts Council Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 41st percentile within MS. Charities of a similar size with the same main cause include Majestic Theater Association ($111k), Four Lakes Traditional Music Collective Inc ($111k) and Center for Cultural Vibrancy ($111k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 91% of the total. At year end it held assets of $77k against liabilities of $0, net assets of $77k.