Port Austin Reeflight Association Inc

Analysis

Port Austin Reeflight Association Inc is a registered charity in United States, based in Port Austin, MI. It received its IRS tax-exemption ruling in February 2001, 25 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 June 2024, Port Austin Reeflight Association Inc reported income of $847k and spending of $40k, leaving 95% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $135k to $847k (+526%), an average of +526% a year. The sharpest change came in the year to June 2024, when income rose by 526%. Over the whole period it spent 9.8% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Port Austin Reeflight Association Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within MI. Charities of a similar size with the same main cause include K12 Gallery ($847k), Barthelmes Conservatory Inc ($847k) and St Louis Dance Theatre ($847k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 98% and program service revenue 0.5% of the total. At year end it held assets of $1.4m against liabilities of $220k, net assets of $1.1m.