Home of Fine Arts Connection Inc

Analysis

Home of Fine Arts Connection Inc is a registered charity in United States, based in McDonough, GA. It received its IRS tax-exemption ruling in April 2009, 17 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, Home of Fine Arts Connection Inc reported income of $88k and spending of $78k, spending 88% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $54k to $88k (+64%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 54%. 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, Home of Fine Arts Connection Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 35th percentile within GA. Charities of a similar size with the same main cause include Parson John Living Histroy Inc ($88k), Pennsylvania Academy of Ballet Society Inc ($88k) and Bronxartspace ($88k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. At year end it held assets of $38k against liabilities of $0, net assets of $38k.