Franklin County Theatre-Arts Council Inc

Analysis

Franklin County Theatre-Arts Council Inc is a registered charity in United States, based in Preston, ID. It received its IRS tax-exemption ruling in January 1996, 30 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Franklin County Theatre-Arts Council Inc reported income of $116k and spending of $104k, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $163k to $116k (-29%), an average of -29% a year. The sharpest change came in the year to December 2023, when income dropped by 29%. Over the whole period it spent 88% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Franklin County Theatre-Arts Council Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 41st percentile within ID. Charities of a similar size with the same main cause include West Shore District Management Association Inc ($116k), Kiwanis Club of Atascadero Foundation ($116k) and Venture Forum Inc ($116k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 6.2% and program service revenue 59% of the total. At year end it held assets of $249k against liabilities of $0, net assets of $249k.