Fine Arts Discovery Series Inc

Analysis

Fine Arts Discovery Series Inc is a registered charity in United States, based in Stroudsburg, PA. It received its IRS tax-exemption ruling in February 1993, 33 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Fine Arts Discovery Series Inc reported income of $2.9m and spending of $3.0m, spending 105% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $2.5m to $2.9m (+15%), an average of +2.8% a year. The sharpest change came in the year to June 2022, when income rose by 747%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Fine Arts Discovery Series Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 87th percentile within PA. Charities of a similar size with the same main cause include Jazz St Louis ($2.9m), American Symphony Orchestra Inc ($2.9m) and Marin Symphony Assn ($2.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 4.5% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $184k (6.1% of expenses). Other salaries and wages came to $715k. At year end it held assets of $3.3m against liabilities of $1.8m, net assets of $1.5m. It reported 105 employees.