Museum of Art Deland Florida Inc

Analysis

Museum of Art Deland Florida Inc is a registered charity in United States, based in Deland, FL. It received its IRS tax-exemption ruling in September 1961, 65 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 September 2023, Museum of Art Deland Florida Inc reported income of $675k and spending of $938k, spending 139% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $966k to $675k (-30%), an average of -8.6% a year. The sharpest change came in the year to September 2020, when income dropped by 22%. Over the whole period it spent 118% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Museum of Art Deland Florida Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 77th percentile within FL. Charities of a similar size with the same main cause include The Harlem Chamber Players Inc ($675k), Pacific Flyway Fund ($675k) and Arts Council for Wyoming County ($675k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 79% and program service revenue 9.0% of the total. Other salaries and wages came to $323k. At year end it held assets of $2.4m against liabilities of $525k, net assets of $1.9m. It reported 24 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.