Gasparilla Festival of the Arts Inc

Analysis

Gasparilla Festival of the Arts Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in August 1971, 55 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 May 2023, Gasparilla Festival of the Arts Inc reported income of $580k and spending of $553k, spending 95% of its income. Across the 4 years on record, from May 2020 to May 2023, income grew from $380k to $580k (+53%), an average of +15% a year. The sharpest change came in the year to May 2022, when income rose by 89%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Gasparilla Festival of the Arts Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 75th percentile within FL. Charities of a similar size with the same main cause include Alliance Francaise de Philadelphia ($580k), Wisconsin Head Start Association ($580k) and Irish Cultural Center Inc of Western New England ($580k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 54% and program service revenue 46% of the total. At year end it held assets of $320k against liabilities of $0, net assets of $320k.