Florence Thomas Art School Inc

Analysis

Florence Thomas Art School Inc is a registered charity in United States, based in W Jefferson, NC. It received its IRS tax-exemption ruling in September 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, Florence Thomas Art School Inc reported income of $170k and spending of $169k, spending 100% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $215k to $170k (-21%), an average of -11% a year. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Florence Thomas Art School Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within NC. Charities of a similar size with the same main cause include Faith Bible College ($170k), Marine Park Alliance Corp ($170k) and Mt Vernon Education Foundation Inc ($170k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 33% of the total. At year end it held assets of $401k against liabilities of $11k, net assets of $389k.