Platform Art Inc

Analysis

Platform Art Inc is a registered charity in United States, based in Lakeland, FL. It received its IRS tax-exemption ruling in July 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Platform Art Inc reported income of $143k and spending of $116k, spending 81% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $206k to $143k (-31%), an average of -31% a year. The sharpest change came in the year to December 2023, when income dropped by 31%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Platform Art Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 50th percentile within FL. Charities of a similar size with the same main cause include Alpha Learning Inc ($143k), Little Schoolhouse in the Woods ($143k) and Swpa-Southwestern Psychological Association ($143k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $41k (35% of expenses). Other salaries and wages came to $12k. At year end it held assets of $69k against liabilities of $6,512, net assets of $62k. It reported 2 employees.