Citrus County Art League Inc

Analysis

Citrus County Art League Inc is a registered charity in United States, based in Hernando, FL. It received its IRS tax-exemption ruling in January 1976, 50 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 August 2023, Citrus County Art League Inc reported income of $176k and spending of $217k, spending 123% of what it took in. Across the 4 years on record, from August 2020 to August 2023, income grew from $101k to $176k (+74%), an average of +20% a year. The sharpest change came in the year to August 2022, when income rose by 34%. Over the whole period it spent 116% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Citrus County Art League Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 55th percentile within FL. Charities of a similar size with the same main cause include Sierra Gold Parks Foundation ($176k), Documentary Film Fund ($176k) and New Harmony Artists Guild Inc ($176k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. Other salaries and wages came to $41k. At year end it held assets of $1.5m against liabilities of $147k, net assets of $1.3m. It reported 1 employees.