The Art League of Manatee County

Analysis

The Art League of Manatee County is a registered charity in United States, based in Bradenton, FL. It received its IRS tax-exemption ruling in December 1952, 74 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 August 2023, The Art League of Manatee County reported income of $2.1m and spending of $808k, leaving 61% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.7m to $2.1m (+25%), an average of +5.8% a year. The sharpest change came in the year to August 2021, when income rose by 150%. Over the whole period it spent 40% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Art League of Manatee County sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within FL. Charities of a similar size with the same main cause include Burton Foundation ($2.1m), Organization of Chinese Americans Inc ($2.1m) and Donate Life America ($2.1m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 67% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $88k (11% of expenses). Other salaries and wages came to $182k. At year end it held assets of $12.0m against liabilities of $314k, net assets of $11.7m. It reported 5 employees.