Silver Beach Carousel Society Inc

Analysis

Silver Beach Carousel Society Inc is a registered charity in United States, based in St Joseph, MI. It received its IRS tax-exemption ruling in February 2000, 26 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 December 2023, Silver Beach Carousel Society Inc reported income of $464k and spending of $476k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $528k to $464k (-12%), an average of -3.2% a year. The sharpest change came in the year to December 2021, when income rose by 134%. Over the whole period it spent 116% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Silver Beach Carousel Society Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within MI. Charities of a similar size with the same main cause include Pacific Northwest School of Music ($463k), Greater Hartford Festival of Jazz ($464k) and Texas Girls Choir Inc ($463k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 54% of the total. Other salaries and wages came to $106k. At year end it held assets of $561k against liabilities of $25k, net assets of $536k. It reported 12 employees.