Fundarte Inc

Analysis

Fundarte Inc is a registered charity in United States, based in Miami Beach, FL. It received its IRS tax-exemption ruling in March 2007, 19 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Fundarte Inc reported income of $867k and spending of $867k, spending 100% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $470k to $867k (+84%), an average of +16% a year. The sharpest change came in the year to June 2022, when income rose by 78%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Fundarte Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 80th percentile within FL. Charities of a similar size with the same main cause include Bangor Symphony Orchestra ($867k), Ocala Civic Theater Inc ($867k) and Penrod Society ($866k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 70% and program service revenue 30% of the total. At year end it held assets of $296k against liabilities of $149k, net assets of $147k. It reported 2 employees.