Lee County Alliance of the Arts Inc

Analysis

Lee County Alliance of the Arts Inc is a registered charity in United States, based in Fort Myers, FL. It received its IRS tax-exemption ruling in April 1978, 48 years ago. 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 September 2023, Lee County Alliance of the Arts Inc reported income of $1.1m and spending of $1.4m, spending 128% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $1.4m to $1.1m (-24%), an average of -6.6% a year. The sharpest change came in the year to September 2020, when income dropped by 21%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lee County Alliance of the Arts Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 82nd percentile within FL. Charities of a similar size with the same main cause include Federation of Youth Services ($1.1m), Arc of Southwest Washington ($1.1m) and Tennessee Central Railway Museum and Model Railroad Club ($1.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 63% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $91k (6.5% of expenses). Other salaries and wages came to $331k. At year end it held assets of $4.5m against liabilities of $278k, net assets of $4.3m. It reported 13 employees.