Walton Arts Center Council Inc

Analysis

Walton Arts Center Council Inc is a registered charity in United States, based in Fayetteville, AR. It received its IRS tax-exemption ruling in August 1988, 38 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 June 2024, Walton Arts Center Council Inc reported income of $52.3m and spending of $51.9m, spending 99% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $31.3m to $52.3m (+67%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 228%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Walton Arts Center Council Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within AR. Charities of a similar size with the same main cause include Saint Louis Symphony Orchestra ($52.2m), Kaizen Educational Foundation ($52.6m) and RSF Social Finance Inc ($51.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 20% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $2.4m (4.6% of expenses). Other salaries and wages came to $5.6m. At year end it held assets of $107.0m against liabilities of $61.9m, net assets of $45.1m. It reported 842 employees.