Community Arts and Culture Inc

Analysis

Community Arts and Culture Inc is a registered charity in United States, based in Key Largo, FL. It received its IRS tax-exemption ruling in February 2004, 22 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 December 2023, Community Arts and Culture Inc reported income of $361k and spending of $355k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $256k to $361k (+41%), an average of +41% a year. The sharpest change came in the year to December 2023, when income rose by 41%. 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, Community Arts and Culture Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 68th percentile within FL. Charities of a similar size with the same main cause include Omnipeace Foundation Inc ($361k), Great Barrington Public Theater Inc ($361k) and Frankenmuth Historical Association ($361k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 62% of the total. At year end it held assets of $11k against liabilities of $0, net assets of $11k.