South Florida Center for Percussive Arts Inc

Analysis

South Florida Center for Percussive Arts Inc is a registered charity in United States, based in Miami, 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 (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, South Florida Center for Percussive Arts Inc reported income of $92k and spending of $84k, spending 91% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $125k to $92k (-27%), an average of -27% a year. The sharpest change came in the year to December 2023, when income dropped by 27%. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, South Florida Center for Percussive Arts Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 38th percentile within FL. Charities of a similar size with the same main cause include Pinewood Bowl Inc ($92k), Brinton Association of America Inc ($92k) and Crested Butte School of Dance Inc ($92k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $46k against liabilities of $0, net assets of $46k.