Black Mountain-swannanoa Art Center is a 501(c)(3) organization based in Black Mtn, North Carolina, registered in 1995, with $417,832 in FY2022 revenue. CharityIndex grades it D.
Revenue (FY2022)
$418K
▲ 19.1% vs prior year
Arts & Culture median: $159K
Expenses (FY2022)
$387K
Net assets
-$5,509
Employees
—
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Black Mountain-swannanoa Art Center— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Black Mountain-swannanoa Art Center: 0 mo reserves · +7% margin earns a D on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Black Mountain-swannanoa Art Center— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Black Mountain-swannanoa Art Center: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Revenue grew from $281K (FY2018) to $418K (FY2022) across 5 reported years.
Financial snapshot
Operating margin
7.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
-$5,509
Total liabilities
$0
Net assets
-$5,509
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2022 | $417,832▲19.1% | $386,837▲12.9% | -$5,509▲84.9% | -$5,509▲84.9% | 990 |
| 2021 | $350,861▲23.3% | $342,540▲12.4% | -$36,504▲18.6% | -$36,504▲18.6% | 990 |
| 2020 | $284,528▲5.1% | $304,673▲5.5% | -$44,825▼81.6% | -$44,825▼81.6% | 990 |
| 2019 | $270,701▼3.7% | $288,895▲0.5% | -$24,680▼107% | -$24,680▼106% | 990 |
| 2018 | $281,001 | $287,487 | $374,086 | $437,545 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
8 grants to Black Mountain-swannanoa Art Center totaling $108K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Paypal Charitable Giving Fund | General support | 2024 | $19,430 |
| Paypal Charitable Giving Fund | — | 2023 | $20,607 |
| Paypal Charitable Giving Fund | General support | 2022 | $19,662 |
| The Community Foundation of Western North Carolina Inc | Advancing the arts | 2022 | $10,172 |
| Paypal Charitable Giving Fund | General support | 2021 | $17,736 |
| The Community Foundation of Western North Carolina Inc | Advancing the arts | 2021 | $11,244 |
| Donor Advised Charitable Giving | Arts, culture & humanities | 2019 | $6,000 |
| The Greater New Orleans Foundation | Arts/culture | 2014 | $3,000 |
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Data for Black Mountain-swannanoa Art Center (EIN 56-1913046) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.