Davis Arts Council Inc

Analysis

Davis Arts Council Inc is a registered charity in United States, based in Layton, UT. It received its IRS tax-exemption ruling in September 1992, 34 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Davis Arts Council Inc reported income of $1.0m and spending of $1.0m, spending 100% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $896k to $1.0m (+16%), an average of +3.8% a year. The sharpest change came in the year to September 2021, when income rose by 266%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Davis Arts Council Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 78th percentile within UT. Charities of a similar size with the same main cause include Mid-Hudson Childrens Museum ($1.0m), Monroe Street Arts Center Inc ($1.0m) and Stray Dog Theatre ($1.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 46% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $77k (7.4% of expenses). Other salaries and wages came to $239k. At year end it held assets of $681k against liabilities of $71k, net assets of $610k. It reported 9 employees.