Central Florida Community Arts Inc

Analysis

Central Florida Community Arts Inc is a registered charity in United States, based in Winter Park, FL. It received its IRS tax-exemption ruling in April 2012, 14 years ago. 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, Central Florida Community Arts Inc reported income of $1.9m and spending of $2.8m, spending 144% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $1.9m (+16%), an average of +3.9% a year. The sharpest change came in the year to December 2022, when income rose by 31%. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Central Florida Community Arts Inc sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within FL. Charities of a similar size with the same main cause include Hear Indiana Inc ($1.9m), Employee Assistance Fund for Alaska Airlines ($1.9m) and Senior Life Services of Morgan County Inc ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 47% of the total. At year end it held assets of $717k against liabilities of $405k, net assets of $312k. It reported 23 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.