Loudoun Arts Council Inc
- Assets
- $35.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Leesburg, VA
- Founding
- 06/1987
- EIN
- 54-1401797
Organization Overview
Loudoun Arts Council Inc is located in Leesburg, VA. The organization was established in 1987. According to its NTEE Classification (A26) the organization is classified as: Arts & Humanities Councils & Agencies, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Loudoun Arts Council Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending undefined, Loudoun Arts Council Inc generated $7.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (40.1%) each year. All expenses for the organization totaled $13.8k during the year ending undefined. As we would expect to see with falling revenues, expenses have declined by (32.5%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Limited Data Available: This organization filed their most recent 990 in paper format. This filing methodology limits the information that can be extracted from the filing.Limited Data Available: This organization is one of the few in our database that filed their most recent 990 with the IRS in paper format. This filing methodology limits the information that can be extracted from the filing. This will, however, be changing soon; The IRS now requires all organizations to file their 990s electronically.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $398 |
| Total Program Service Revenue | $2,212 |
| Membership dues | $4,940 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $226 |
| Total Revenue | $7,776 |
| Statement of Expenses | |
|---|---|
| Total expenses | $13,827 |
| Balance Sheet | |
|---|---|
| Total assets | $35,704 |
| Total liabilities | $752 |
| Net assets or fund balances | $34,952 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Loudoun Arts Council Inc has recieved totaling $8.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $8 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arts And Humanities Council Of Montgomery County In Silver Spring, MD | $1,619,347 | $6,596,599 |
Arts Memphis Memphis, TN | $27,136,198 | $4,849,435 |
Arts Council Incorporated Winston-Salem Arts Council Winstonsalem, NC | $15,705,377 | $2,746,354 |
North Carolina Humanities Council Charlotte, NC | $2,197,159 | $2,458,418 |
Arts Council Of Fayetteville Fayetteville, NC | $3,779,003 | $2,578,724 |
United Arts Council Of Raleigh And Wake County Inc Raleigh, NC | $1,299,106 | $2,647,753 |
The Art League Inc Alexandria, VA | $1,163,966 | $1,385,812 |
Durham Arts Council Inc Durham, NC | $657,218 | $2,110,368 |
West Virginia Humanities Council Inc Charleston, WV | $2,418,938 | $2,018,202 |
Howard County Arts Council Ellicott City, MD | $1,355,950 | $1,672,254 |
Lexarts Inc Lexington, KY | $1,309,442 | $1,460,251 |
Kentucky Humanities Council Inc University Of Kentucky Lexington, KY | $5,126,960 | $1,642,415 |