Taylorsville Arts Council

Analysis

Taylorsville Arts Council is a registered charity in United States, based in Taylorsville, UT. It received its IRS tax-exemption ruling in July 1998, 28 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 (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, Taylorsville Arts Council reported income of $63k and spending of $55k, spending 88% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $88k to $63k (-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 73% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Taylorsville Arts Council sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 23rd percentile within UT. Charities of a similar size with the same main cause include Junior League of Asheville Inc ($63k), Maryland Automobile Dealers Association Foundation ($63k) and Sun Prairie Rotary Foundation Inc ($63k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 57% of the total. At year end it held assets of $114k against liabilities of $8,399, net assets of $106k.