Thomas S Kenan Institute for the Arts Supporting Organization

Analysis

Thomas S Kenan Institute for the Arts Supporting Organization is a registered charity in United States, based in Winston Salem, NC. It received its IRS tax-exemption ruling in February 2021, 5 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Thomas S Kenan Institute for the Arts Supporting Organization reported income of $2.1m and spending of $2.0m, spending 95% of its income. Across the 3 years on record, from June 2022 to June 2024, income fell from $2.8m to $2.1m (-26%), an average of -14% a year. The sharpest change came in the year to June 2023, when income dropped by 30%. Over the whole period it spent 70% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Thomas S Kenan Institute for the Arts Supporting Organization sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within NC. Charities of a similar size with the same main cause include Railroaders Heritage Corporation ($2.1m), Sandy Arts Guild ($2.1m) and Charlottesville Ballet ($2.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% and program service revenue 0.1% of the total. At year end it held assets of $2.1m against liabilities of $84k, net assets of $2.0m.