Foothills Arts Council Inc
EIN: 561186347 · Elkin, NC
Is Foothills Arts Council Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Foothills Arts Council Inc
Foothills Arts Council Inc (EIN: 561186347) is a nonprofit organization based in Elkin, NC. The organization reported total revenue of $227K and total assets of $745K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Foothills Arts Council Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Foothills Arts Council Inc is a small nonprofit that has been operating for 48 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 17.2%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $362K |
| Total Expenses | $271K |
| Surplus / Deficit | +$91K |
| Total Assets | $762K |
| Total Liabilities | $454K |
| Net Assets | $308K |
| Operating Margin | 25.2% |
| Debt-to-Asset Ratio | 59.6% |
| Months of Reserves | 33.7 months |
Financial Health Grade: A
In 2022, Foothills Arts Council Inc reported a surplus of $91K with revenue exceeding expenses, holds 33.7 months of operating reserves (strong position), has a debt-to-asset ratio of 59.6% (high leverage).
Financial Trends
Over 12 years of filings (2011–2022), Foothills Arts Council Inc's revenue has grown at a compound annual growth rate (CAGR) of 17.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +121.0% | +75.5% | +247.6% |
| 2021 | +23.5% | +4.6% | +7.6% |
| 2020 | -16.7% | -15.4% | -6.5% |
| 2019 | +45.1% | +49.0% | -5.5% |
| 2018 | -1.8% | +8.9% | -2.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1978 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Foothills Arts Council Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Foothills Arts Council Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $91K, with revenue exceeding expenses.
- Debt-to-asset ratio: 59.6%.
Frequently Asked Questions about Foothills Arts Council Inc
Is Foothills Arts Council Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Foothills Arts Council Inc (EIN: 561186347) insufficient data. 0 red flags identified, 0 strengths noted.
How does Foothills Arts Council Inc spend its money?
Detailed spending breakdown data is not yet available for Foothills Arts Council Inc. Check back for updated IRS 990 analysis.
Are donations to Foothills Arts Council Inc tax-deductible?
Foothills Arts Council Inc is registered as a tax-exempt nonprofit (EIN: 561186347). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Foothills Arts Council Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Foothills Arts Council Inc's revenue has grown by 472.6%, moving from $63K to $362K. Total assets increased by 223.2% over the same period, from $236K to $762K. Total functional expenses rose by 315.1%, from $65K to $271K. In its most recent filing year (2022), Foothills Arts Council Inc reported a surplus of $91K, with revenue exceeding expenses. The organization holds $454K in liabilities against $762K in assets (debt-to-asset ratio: 59.6%), resulting in net assets of $308K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $362K | $271K | $762K | $454K | — | View 990 |
| 2021 | $164K | $155K | $219K | $2K | — | View 990 |
| 2020 | $133K | $148K | $204K | $6K | — | — |
| 2019 | $159K | $175K | $218K | $2K | — | View 990 |
| 2018 | $110K | $117K | $231K | $1K | — | View 990 |
| 2017 | $112K | $108K | $237K | $788 | — | View 990 |
| 2016 | $101K | $112K | $230K | $2K | — | View 990 |
| 2015 | $88K | $94K | $237K | $2K | — | View 990 |
| 2014 | $96K | $78K | $247K | $2K | — | View 990 |
| 2013 | $64K | $63K | $228K | $2K | — | View 990 |
| 2012 | $76K | $87K | $226K | $2K | — | View 990 |
| 2011 | $63K | $65K | $236K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $362K, expenses of $271K, and assets of $762K (revenue +121.0% year-over-year).
- 2021: Revenue of $164K, expenses of $155K, and assets of $219K (revenue +23.5% year-over-year).
- 2020: Revenue of $133K, expenses of $148K, and assets of $204K (revenue -16.7% year-over-year).
- 2019: Revenue of $159K, expenses of $175K, and assets of $218K (revenue +45.1% year-over-year).
- 2018: Revenue of $110K, expenses of $117K, and assets of $231K (revenue -1.8% year-over-year).
- 2017: Revenue of $112K, expenses of $108K, and assets of $237K (revenue +10.3% year-over-year).
- 2016: Revenue of $101K, expenses of $112K, and assets of $230K (revenue +15.2% year-over-year).
- 2015: Revenue of $88K, expenses of $94K, and assets of $237K (revenue -8.1% year-over-year).
- 2014: Revenue of $96K, expenses of $78K, and assets of $247K (revenue +49.2% year-over-year).
- 2013: Revenue of $64K, expenses of $63K, and assets of $228K (revenue -16.1% year-over-year).
- 2012: Revenue of $76K, expenses of $87K, and assets of $226K (revenue +20.8% year-over-year).
- 2011: Revenue of $63K, expenses of $65K, and assets of $236K.
Data Sources and Methodology
This transparency report for Foothills Arts Council Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.