St Petersburg Warehouse Arts District Inc

Analysis

St Petersburg Warehouse Arts District Inc is a registered charity in United States, based in Saint Petersburg, FL. It received its IRS tax-exemption ruling in June 2014, 12 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, St Petersburg Warehouse Arts District Inc reported income of $654k and spending of $726k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $331k to $654k (+98%), an average of +18% a year. The sharpest change came in the year to December 2021, when income rose by 144%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, St Petersburg Warehouse Arts District Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 76th percentile within FL. Charities of a similar size with the same main cause include Brink Literacy Project ($654k), Marine Mammals of Maine ($654k) and Mountain Top Music Center ($654k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 40% and program service revenue 1.1% of the total. Compensation of current officers, directors and key employees was $137k (19% of expenses). Other salaries and wages came to $52k. At year end it held assets of $4.0m against liabilities of $1.8m, net assets of $2.2m. It reported 3 employees.