Summit County Arts Council

Analysis

Summit County Arts Council is a registered charity in United States, based in Frisco, CO. It received its IRS tax-exemption ruling in March 1995, 31 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 December 2023, Summit County Arts Council reported income of $63k and spending of $57k, spending 91% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $64k to $63k (-1.0%), an average of -1.0% a year. Over the whole period it spent 78% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Summit County Arts Council sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 21st percentile within CO. Charities of a similar size with the same main cause include Payson Council for the Musical Arts Inc ($63k), Publick Musick Inc ($63k) and Florida Opera Prima ($63k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 5.2% and program service revenue 19% of the total. At year end it held assets of $116k against liabilities of $14k, net assets of $103k.