Arts, Culture & Humanities
(A260)
IRS Verified
DX Registered
990 on File
MONTGOMERY COUNTY COUNCIL FOR THE ARTS INC
Financial strength (30%)
64/100
Reliability (20%)
55/100
Effectiveness (25%)
53/100
Impact (25%)
80/100
CharityAI™ Score
Not yet evaluated
Mission Statement
The Gateway Regional Arts Center leverages the transformative power of art and culture to address critical community challenges by providing extraordinary creative experiences, sharing local and global perspectives, and promoting the arts as an important solution to holistic well-being. The institution serves as a flagship hub of arts & cultural education for Central and Eastern Kentucky, and aims to foster civic dialogue through creative and artistic activities that are accessible to all people, honoring the rich diversity of voices in our rural communities.
Financial Overview — FY 2024
$699K
Total Revenue
$447K
Total Expenses
$1.9M
Net Assets
0
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
47.2%
Fundraising Efficiency
N/A
Operating Reserve
51.09x
Liability-to-Asset
0.0%
Revenue Diversification
47.8%
Compared with Peers
FY 2024
Compared with 12,711 similar organizations
(United States, Arts, Culture & Humanities, $100K–$1M in expenses), FY 2024.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
47.2% | 82.0% |
P10P90
|
Bottom quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
52.8% | 14.1% |
P10P90
|
Bottom quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 0.0% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
51.1 mo | 9.8 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
0.0% | 1.8% |
P10P90
|
Top quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
47.8% | 79.8% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
97.4% | 8.1% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
27.0% | 8.8% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
36.0% | 1.5% |
P10P90
|
Impact
1 program| Outcome / Program | People Served | Cost / Service | # Completed | Duration |
|---|---|---|---|---|
| Multi-disciplinatry arts and culture education and experiences for ALL people | 28,000 | $10.00 | — | Lifetime |
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $699K | $447K | $1.9M | 47.2% | 0 |
| 2023 | $354K | $352K | $1.8M | 48.3% | 0 |
| 2022 | $166K | $197K | $1.8M | 51.1% | 2 |
| 2021 | $306K | $164K | N/A | — | 2 |
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