Tempesta Di Mare Inc

Analysis

Tempesta Di Mare Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in June 2001, 25 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, Tempesta Di Mare Inc reported income of $397k and spending of $413k, spending 104% of its income. Across the 6 years on record, from June 2019 to June 2024, income fell from $634k to $397k (-37%), an average of -8.9% a year. The sharpest change came in the year to June 2022, when income rose by 36%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Tempesta Di Mare Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within PA. Charities of a similar size with the same main cause include Santa Barbara Mariachi Festival Inc ($397k), Amish & Mennonite Heritage Center ($397k) and Youngstown Playhouse Inc ($397k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 75% and program service revenue 22% of the total. Other salaries and wages came to $189k. At year end it held assets of $268k against liabilities of $12k, net assets of $257k. It reported 4 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.