Florida Surf Museum Inc

Analysis

Florida Surf Museum Inc is a registered charity in United States, based in Cocoa Beach, FL. It received its IRS tax-exemption ruling in June 2008, 18 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 December 2023, Florida Surf Museum Inc reported income of $135k and spending of $116k, spending 86% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $99k to $135k (+36%), an average of +36% a year. The sharpest change came in the year to December 2023, when income rose by 36%. Over the whole period it spent 79% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Florida Surf Museum Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 48th percentile within FL. Charities of a similar size with the same main cause include Governors Residence Preservation Fund ($135k), Vital Arts Inc ($135k) and Army Medical Department Museum Foundation Inc ($135k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 6.6% of the total. At year end it held assets of $185k against liabilities of $4,246, net assets of $180k.