Eau Gallie Arts District Main Street Inc

Analysis

Eau Gallie Arts District Main Street Inc is a registered charity in United States, based in Melbourne, FL. It received its IRS tax-exemption ruling in April 2012, 14 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, Eau Gallie Arts District Main Street Inc reported income of $91k and spending of $36k, leaving 61% of income unspent that year. Across the 2 years on record, from September 2022 to September 2023, income grew from $63k to $91k (+44%), an average of +44% a year. The sharpest change came in the year to September 2023, when income rose by 44%. Over the whole period it spent 62% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Eau Gallie Arts District Main Street Inc sits at the 39th 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 38th percentile within FL. Charities of a similar size with the same main cause include Kickstart Farmington ($91k), Reportage International Inc ($91k) and Living Artists Collective ($91k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 70% of the total. At year end it held assets of $132k against liabilities of $63k, net assets of $69k.