Morada Way Arts & Cultural District Inc

Analysis

Morada Way Arts & Cultural District Inc is a registered charity in United States, based in Islamorada, FL. It received its IRS tax-exemption ruling in October 2011, 15 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, Morada Way Arts & Cultural District Inc reported income of $105k and spending of $91k, spending 87% of its income. Across the 2 years on record, from September 2022 to September 2023, income grew from $84k to $105k (+24%), an average of +24% a year. The sharpest change came in the year to September 2023, when income rose by 24%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Morada Way Arts & Cultural District Inc sits at the 43rd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 42nd percentile within FL. Charities of a similar size with the same main cause include Twin Cities Steppers Association ($105k), Grandeza Mexicana Folk Ballet Company ($105k) and Fort Mose Historical Society Inc ($105k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 51% and program service revenue 24% of the total. At year end it held assets of $291k against liabilities of $139k, net assets of $152k.