Delmar Multi-Cultural Arts Academy Inc

Analysis

Delmar Multi-Cultural Arts Academy Inc is a registered charity in United States, based in Ft Lauderdale, FL. It received its IRS tax-exemption ruling in May 2012, 14 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Delmar Multi-Cultural Arts Academy Inc reported income of $1.8m and spending of $1.6m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $815k to $1.8m (+116%), an average of +21% a year. The sharpest change came in the year to December 2023, when income rose by 47%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Delmar Multi-Cultural Arts Academy Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 87th percentile within FL. Charities of a similar size with the same main cause include Strategic Community Partners Inc ($1.8m), Fort Mill District Band Booster Club Inc ($1.8m) and Able Academy ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $199k (12% of expenses). At year end it held assets of $473k against liabilities of $34k, net assets of $439k. It reported 35 employees.