Bill Edwards Foundation for the Arts Inc

Analysis

Bill Edwards Foundation for the Arts Inc is a registered charity in United States, based in St Petersburg, FL. It received its IRS tax-exemption ruling in September 2023, 3 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 2023, Bill Edwards Foundation for the Arts Inc reported income of $4.7m and spending of $4.6m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $6.5m to $4.7m (-27%), an average of -7.7% a year. The sharpest change came in the year to June 2022, when income rose by 574%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Bill Edwards Foundation for the Arts Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within FL. Charities of a similar size with the same main cause include Guild Hall of East Hampton Inc ($4.7m), North Central Soybean Research Program ($4.7m) and North Texas Performing Arts ($4.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 17% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $105k (2.3% of expenses). Other salaries and wages came to $344k. At year end it held assets of $1.5m against liabilities of $395k, net assets of $1.1m. It reported 11 employees.