Funding Arts Broward Inc

Analysis

Funding Arts Broward Inc is a registered charity in United States, based in Ft Lauderdale, FL. It received its IRS tax-exemption ruling in October 2003, 23 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, Funding Arts Broward Inc reported income of $654k and spending of $637k, spending 97% of its income. Across the 6 years on record, from December 2019 to June 2024, income grew from $445k to $654k (+47%), an average of +8.0% a year. The sharpest change came in the year to June 2023, when income rose by 1626%. Over the whole period it spent 64% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Funding Arts Broward Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 76th percentile within FL. Charities of a similar size with the same main cause include Traverse City Film Festival ($654k), Rosin Box Project Inc ($655k) and Millards Crossing Historic Village Inc ($654k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 88% and program service revenue 5.0% of the total. Other salaries and wages came to $110k. At year end it held assets of $2.5m against liabilities of $660k, net assets of $1.9m. It reported 2 employees.