Tri-county Arts Council Inc
Only null% goes to programs Declining revenue
Tri-county Arts Council Inc is a 501(c)(3) organization based in Olean, New York, registered in 1998, with $243,329 in FY2024 revenue. CharityIndex grades it B.
Po Box 406, Olean, NY, 14760 EIN 16-1540493 Since 1998
Revenue (FY2024)
$243K
▼ 9.6% vs prior year
Arts & Culture median: $159K
Expenses (FY2024)
$263K
Net assets
$96K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
—Program efficiency40% of the ratingNo expense breakdown in filings
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 Tri-county Arts Council Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating4 mo reserves · -8% margin
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 Tri-county Arts Council Inc: 4 mo reserves · -8% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
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 Tri-county Arts Council Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
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 Tri-county Arts Council Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Contact & location
- Address
- Po Box 406, Olean, NY, 14760
- City
- Olean
- State
- New York
- Category
- Arts, Culture & Humanities
- Subcategory
- Arts Services & Councils
- Website
- …
Financial trends
Revenue grew from $178K (FY2010) to $243K (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $173KNet assets $96K
Operating margin
-8.0%
Spent more than it raised in the latest fiscal year.
Total assets
$268K
Total liabilities
$173K
Net assets
$96K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $243,329▼9.6% | $262,833▲14.6% | $95,558▼16.4% | $268,288▼15.4% | 990 |
| 2023 | $269,033▲34.0% | $229,359▲18.5% | $114,283▲56.5% | $316,942▲8.2% | 990 |
| 2022 | $200,816▼40.7% | $193,552▼36.1% | $73,022▲7.0% | $293,009▲106% | 990 |
| 2021 | $338,789▲98.1% | $302,932▲30.5% | $68,268▲115% | $142,233▲39.5% | 990 |
| 2020 | $171,042▼53.6% | $232,163▼19.0% | $31,810▼65.5% | $101,989▼8.8% | 990 |
| 2019 | $368,303▲56.6% | $286,517▲6.4% | $92,138▲977% | $111,779▼3.2% | 990 |
| 2018 | $235,114▼6.4% | $269,276▲5.4% | $8,555▼67.5% | $115,526▲94.5% | 990 |
| 2016 | $251,191▲0.4% | $255,517▼2.8% | $26,348▼12.6% | $59,398▼59.0% | 990 |
| 2015 | $250,206▲27.6% | $262,914▲12.0% | $30,154▼30.5% | $144,998▼16.7% | 990 |
| 2014 | $196,113▼15.7% | $234,819▲10.1% | $43,360▼47.2% | $174,085▲58.2% | 990EZ |
| 2013 | $232,755 | $213,306▲8.5% | $82,066▲31.1% | $110,060▲12.1% | 990 |
| 2012 | — | $196,559▼14.5% | $62,617▼13.6% | $98,177▼4.8% | 990 |
| 2011 | — | $229,780▲24.2% | $72,467▼2.8% | $103,105▼44.3% | 990 |
| 2010 | $178,185 | $185,050 | $74,550 | $185,006 | 990EZ |
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.
Grants received · $2,000 total
1 grant to Tri-county Arts Council Inc totaling $2,000, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Morgan Stanley Global Impact Funding Trust Inc | General support | 2016 | $2,000 |
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Frequently asked questions
- Is Tri-county Arts Council Inc a legitimate nonprofit?
- Yes. Tri-county Arts Council Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 16-1540493, based in Olean, New York. Donations are tax-deductible.
- What is Tri-county Arts Council Inc's EIN?
- Tri-county Arts Council Inc's Employer Identification Number (EIN) is 16-1540493.
- How much revenue does Tri-county Arts Council Inc report?
- Tri-county Arts Council Inc reported $243,329 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Tri-county Arts Council Inc have?
- CharityIndex grades Tri-county Arts Council Inc B, based on financial health (reserves and operating margin).
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Data for Tri-county Arts Council Inc (EIN 16-1540493) 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.