Illuminarts Inc

Analysis

Illuminarts Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in February 2016, 10 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 August 2024, Illuminarts Inc reported income of $113k and spending of $112k, spending 100% of its income. Across the 3 years on record, from August 2022 to August 2024, income fell from $152k to $113k (-26%), an average of -14% a year. The sharpest change came in the year to August 2024, when income dropped by 23%. Over the whole period it spent 114% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Illuminarts Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 44th percentile within FL. Charities of a similar size with the same main cause include Seaford Community Concert Association Inc ($113k), Muslim Americans for Compassion ($113k) and Institute for Southern Studies Inc ($113k).

On its Form 990-EZ for the period ending August 2024, revenue came from contributions and grants 74% and program service revenue 26% of the total. At year end it held assets of $18k against liabilities of $1,382, net assets of $16k.