Peabody Auditorium Foundation

Analysis

Peabody Auditorium Foundation is a registered charity in United States, based in Daytona Beach, FL. It received its IRS tax-exemption ruling in March 2015, 11 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, Peabody Auditorium Foundation reported income of $97k and spending of $123k, spending 127% of what it took in. Across the 3 years on record, from December 2019 to December 2023, income fell from $172k to $97k (-44%), an average of -25% a year. The sharpest change came in the year to December 2022, when income dropped by 34%. Over the whole period it spent 108% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Peabody Auditorium Foundation sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 40th percentile within FL. Charities of a similar size with the same main cause include Herman Levern Jones Theatresouth ($97k), Historic Warehouse District Development Corporation of Cleve ($97k) and Tennessee Tamizh Sangam ($97k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 68% of the total. At year end it held assets of $218k against liabilities of $31k, net assets of $187k.