Jekyll Island Arts Association Inc

Analysis

Jekyll Island Arts Association Inc is a registered charity in United States, based in Jekyll Island, GA. It received its IRS tax-exemption ruling in June 1975, 51 years ago. 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 December 2023, Jekyll Island Arts Association Inc reported income of $78k and spending of $67k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $101k to $78k (-23%), an average of -6.3% a year. The sharpest change came in the year to December 2020, when income dropped by 43%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Jekyll Island Arts Association Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 31st percentile within GA. Charities of a similar size with the same main cause include Manheim Historical Society ($78k), General Federation of Womens Clubs ($78k) and Louisville Youth Choir Inc ($78k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 8.9% of the total. Compensation of current officers, directors and key employees was $1,635 (2.4% of expenses). At year end it held assets of $250k against liabilities of $30k, net assets of $220k.