Florence Regional Arts Alliance Inc

Analysis

Florence Regional Arts Alliance Inc is a registered charity in United States, based in Florence, SC. It received its IRS tax-exemption ruling in December 1986, 40 years ago. 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 June 2024, Florence Regional Arts Alliance Inc reported income of $79k and spending of $103k, spending 130% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $101k to $79k (-22%), an average of -6.1% a year. The sharpest change came in the year to June 2024, when income dropped by 35%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Florence Regional Arts Alliance Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 37th percentile within SC. Charities of a similar size with the same main cause include Little League Baseball Inc ($79k), Inter City Row Modern Dance Company ($79k) and Brainerd Lakes BMX Association Inc ($79k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 96% and program service revenue 2.2% of the total. Other salaries and wages came to $28k. At year end it held assets of $43k against liabilities of $68, net assets of $43k. It reported 1 employees.