Azul Fashion Art & Design Inc

Analysis

Azul Fashion Art & Design Inc is a registered charity in United States, based in West Palm BCH, FL. It received its IRS tax-exemption ruling in July 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Azul Fashion Art & Design Inc reported income of $167k and spending of $135k, spending 81% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $133k to $167k (+26%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 26%. Over the whole period it spent 70% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Azul Fashion Art & Design Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 53rd percentile within FL. Charities of a similar size with the same main cause include Stoneridge Residents Association ($167k), Seniors Creating Art ($168k) and Standing Stone Community Center NFP ($167k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 11% of the total. At year end it held assets of $123k against liabilities of $84, net assets of $123k.