Boynton Cultural Centre Inc

Analysis

Boynton Cultural Centre Inc is a registered charity in United States, based in Boynton Beach, FL. It received its IRS tax-exemption ruling in April 1997, 29 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, Boynton Cultural Centre Inc reported income of $757k and spending of $731k, spending 97% of its income. Across the 4 years on record, from September 2020 to September 2023, income grew from $549k to $757k (+38%), an average of +11% a year. The sharpest change came in the year to September 2021, when income rose by 55%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Boynton Cultural Centre Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 78th percentile within FL. Charities of a similar size with the same main cause include American Society for Apheresis ($757k), Northern Marianas Humanities Council ($757k) and LA Porte Symphony Orchestra Inc ($757k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 70% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $74k (10% of expenses). Other salaries and wages came to $205k. At year end it held assets of $957k against liabilities of $17k, net assets of $941k. It reported 20 employees.