St Augustine Art Association

Analysis

St Augustine Art Association is a registered charity in United States, based in St Augustine, FL. It received its IRS tax-exemption ruling in January 1975, 51 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 December 2023, St Augustine Art Association reported income of $407k and spending of $303k, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $329k to $407k (+24%), an average of +5.5% a year. The sharpest change came in the year to December 2021, when income rose by 37%. Over the whole period it spent 79% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Augustine Art Association sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 70th percentile within FL. Charities of a similar size with the same main cause include Accp Foundation Ltd ($407k), Montessori Schoolhouse of Cheshire County Inc ($407k) and Nami Greater Mississippi Valley Inc ($407k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 25% of the total. Other salaries and wages came to $97k. At year end it held assets of $1.4m against liabilities of $3,445, net assets of $1.4m. It reported 3 employees.