Benzaiten Center for Creative Arts Inc

Analysis

Benzaiten Center for Creative Arts Inc is a registered charity in United States, based in LK Worth BCH, FL. It received its IRS tax-exemption ruling in October 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Benzaiten Center for Creative Arts Inc reported income of $615k and spending of $665k, spending 108% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $450k to $615k (+37%), an average of +8.1% a year. The sharpest change came in the year to September 2022, when income rose by 49%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Benzaiten Center for Creative Arts Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 75th percentile within FL. Charities of a similar size with the same main cause include Impact 100 of Indian River County Inc ($615k), Good Works Farm ($615k) and Ukrainian American Home Inc ($615k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 58% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $38k (5.8% of expenses). Other salaries and wages came to $50k. At year end it held assets of $747k against liabilities of $521k, net assets of $226k. It reported 1 employees.