Art Culture and Entertainment Inc

Analysis

Art Culture and Entertainment Inc is a registered charity in United States, based in Pensacola, FL. It received its IRS tax-exemption ruling in August 2010, 16 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 September 2023, Art Culture and Entertainment Inc reported income of $1.9m and spending of $1.9m, spending 100% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.5m to $1.9m (+27%), an average of +6.2% a year. The sharpest change came in the year to September 2021, when income rose by 93%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Art Culture and Entertainment Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within FL. Charities of a similar size with the same main cause include The Center for Craft Creativity & Design Inc ($1.9m), Commission for the Las Vegas Centennial ($1.9m) and The Rabbit Hole KC ($1.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $46k against liabilities of $0, net assets of $46k.