Society of the Four Arts

Analysis

Society of the Four Arts is a registered charity in United States, based in Palm Beach, FL. It received its IRS tax-exemption ruling in May 1952, 74 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 June 2023, Society of the Four Arts reported income of $18.5m and spending of $12.1m, leaving 34% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $10.9m to $18.5m (+70%), an average of +14% a year. The sharpest change came in the year to June 2021, when income rose by 129%. Over the whole period it spent 67% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Society of the Four Arts sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within FL. Charities of a similar size with the same main cause include Fort Worth Art Association ($18.5m), University License Equity Holdings Inc ($18.6m) and Milwaukee Symphony Orchestra Inc ($18.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 4.0% of the total. Compensation of current officers, directors and key employees was $939k (7.7% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $114.1m against liabilities of $4.6m, net assets of $109.5m. It reported 60 employees.