Uncategorized IRS Verified DX Registered 990 on File

ARTS COUNCIL INCORPORATED WINSTON-SALEM ARTS COUNCIL

EIN: 56-0526856 · WINSTON SALEM, NC 27101-2735 · United States · FY 2024 Data

3 out of 5 58 / 100 Based on 2+ years of filings

Financial strength (30%) 85/100

Reliability (20%) 55/100

Effectiveness (25%) 85/100

Impact (25%) No data yet

Financial data: FY 2024 · Scored 9/13/2026

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CharityAI™ Score

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Mission Statement

By efficiently and effectively raising funds and making grants, working to strengthen our broad array of arts resources and offerings, and promoting the arts, The Arts Council of Winston-Salem and Forsyth County is creating an environment in which the arts flourish and enrich the quality of life in Forsyth and surrounding counties.

Financial Overview — FY 2024

$5.5M

Total Revenue

$6.2M

Total Expenses

$8.0M

Net Assets

Employees

Revenue Sources

Expense Breakdown

Program Expense Ratio 90.1%

Fundraising Efficiency N/A

Operating Reserve 15.44x

Liability-to-Asset 34.1%

Revenue Diversification 89.1%

Executive Compensation $204K

Compared with Peers

Peer comparison is not available for this organization.

Financial History

Year	Revenue	Expenses	Net Assets	Program %	Staff
2024	$5.5M	$6.2M	$8.0M	90.1%	28
2023	$3.3M	$4.8M	$8.6M	86.1%	55
2022	$3.2M	$4.0M	$10.0M	80.1%	35
2021	$3.1M	$3.3M	N/A	—	31

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Organization Details

EIN: 56-0526856
State: NC
City: WINSTON SALEM
ZIP: 27101-2735
Rating: 3★
Coverage: A
Last Updated: Aug 2026
IRS Ruling Year: 1949
Foundation Code: 16
Form 990: On File

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CharityAI™ rates charities from 0 to 100 using public filings (IRS Form 990 and the equivalent registries outside the US) together with the information the charity itself provides on DonationX. Ratings are recalculated every quarter, without human bias, and shown as stars.

Four pillars

Financial strength30%

Program expense ratio, fundraising efficiency, operating reserves, liabilities and revenue diversification, compared with similar organizations.

Reliability20%

Standing with the registry, filing history, verification and how complete the profile is.

Effectiveness25%

How much goes to programs and how consistently the organization delivers them.

Impact25%

The outcomes the charity reports on DonationX: people served, cost per service and results.

Stars

★★★★★ 80–100 ★★★★☆ 60–79 ★★★☆☆ 40–59 ★★☆☆☆ 20–39 ★☆☆☆☆ 1–19

A pillar with no data counts as zero. Without impact metrics the score is capped at 59 (three stars): only the charity can supply that data.
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