Surry Arts Council
EIN: 560932530 · Mount Airy, NC
Is Surry Arts Council Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Surry Arts Council
Surry Arts Council (EIN: 560932530) is a nonprofit organization based in Mount Airy, NC. The organization reported total revenue of $2.7M and total assets of $6.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Surry Arts Council's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Surry Arts Council is a mid-size nonprofit that has been operating for 57 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.4M |
| Total Expenses | $1.4M |
| Surplus / Deficit | +$968K |
| Total Assets | $7.7M |
| Total Liabilities | $593K |
| Net Assets | $7.1M |
| Operating Margin | 40.6% |
| Debt-to-Asset Ratio | 7.7% |
| Months of Reserves | 65.3 months |
Financial Health Grade: A
In 2023, Surry Arts Council reported a surplus of $968K with revenue exceeding expenses, holds 65.3 months of operating reserves (strong position), has a debt-to-asset ratio of 7.7% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Surry Arts Council's revenue has grown at a compound annual growth rate (CAGR) of 7.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -13.7% | +12.2% | +9.5% |
| 2022 | +64.7% | +47.7% | +49.0% |
| 2021 | -23.2% | -30.9% | +20.2% |
| 2020 | +24.9% | -8.6% | +29.6% |
| 2019 | +22.3% | +6.5% | +11.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1969 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Surry Arts Council 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 Surry Arts Council 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $968K, with revenue exceeding expenses.
- Debt-to-asset ratio: 7.7%.
Frequently Asked Questions about Surry Arts Council
Is Surry Arts Council a legitimate charity?
Based on AI analysis of IRS 990 filings, Surry Arts Council (EIN: 560932530) insufficient data. 0 red flags identified, 0 strengths noted.
How does Surry Arts Council spend its money?
Detailed spending breakdown data is not yet available for Surry Arts Council. Check back for updated IRS 990 analysis.
Are donations to Surry Arts Council tax-deductible?
Surry Arts Council is registered as a tax-exempt nonprofit (EIN: 560932530). 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 Surry Arts Council showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Surry Arts Council's revenue has grown by 147.4%, moving from $964K to $2.4M. Total assets increased by 373.8% over the same period, from $1.6M to $7.7M. Total functional expenses rose by 68.7%, from $840K to $1.4M. In its most recent filing year (2023), Surry Arts Council reported a surplus of $968K, with revenue exceeding expenses. The organization holds $593K in liabilities against $7.7M in assets (debt-to-asset ratio: 7.7%), resulting in net assets of $7.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.4M | $1.4M | $7.7M | $593K | — | — |
| 2022 | $2.8M | $1.3M | $7.0M | $893K | — | View 990 |
| 2021 | $1.7M | $855K | $4.7M | $79K | — | — |
| 2020 | $2.2M | $1.2M | $3.9M | $109K | — | View 990 |
| 2019 | $1.7M | $1.4M | $3.0M | $160K | — | View 990 |
| 2018 | $1.4M | $1.3M | $2.7M | $237K | — | View 990 |
| 2017 | $1.3M | $1.1M | $2.5M | $172K | — | View 990 |
| 2016 | $1.4M | $962K | $2.7M | $454K | — | View 990 |
| 2015 | $1.6M | $978K | $1.8M | $51K | — | View 990 |
| 2014 | $1.0M | $990K | $1.2M | $76K | — | View 990 |
| 2013 | $982K | $866K | $1.2M | $59K | — | View 990 |
| 2012 | $885K | $1.4M | $1.1M | $55K | — | View 990 |
| 2011 | $964K | $840K | $1.6M | $88K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.4M, expenses of $1.4M, and assets of $7.7M (revenue -13.7% year-over-year).
- 2022: Revenue of $2.8M, expenses of $1.3M, and assets of $7.0M (revenue +64.7% year-over-year).
- 2021: Revenue of $1.7M, expenses of $855K, and assets of $4.7M (revenue -23.2% year-over-year).
- 2020: Revenue of $2.2M, expenses of $1.2M, and assets of $3.9M (revenue +24.9% year-over-year).
- 2019: Revenue of $1.7M, expenses of $1.4M, and assets of $3.0M (revenue +22.3% year-over-year).
- 2018: Revenue of $1.4M, expenses of $1.3M, and assets of $2.7M (revenue +14.1% year-over-year).
- 2017: Revenue of $1.3M, expenses of $1.1M, and assets of $2.5M (revenue -12.5% year-over-year).
- 2016: Revenue of $1.4M, expenses of $962K, and assets of $2.7M (revenue -9.0% year-over-year).
- 2015: Revenue of $1.6M, expenses of $978K, and assets of $1.8M (revenue +55.3% year-over-year).
- 2014: Revenue of $1.0M, expenses of $990K, and assets of $1.2M (revenue +3.3% year-over-year).
- 2013: Revenue of $982K, expenses of $866K, and assets of $1.2M (revenue +11.0% year-over-year).
- 2012: Revenue of $885K, expenses of $1.4M, and assets of $1.1M (revenue -8.2% year-over-year).
- 2011: Revenue of $964K, expenses of $840K, and assets of $1.6M.
Data Sources and Methodology
This transparency report for Surry Arts Council 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.