Fort Myers Beach Art Association Inc

Analysis

Fort Myers Beach Art Association Inc is a registered charity in United States, based in Fort Myers, FL. It received its IRS tax-exemption ruling in March 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2024, Fort Myers Beach Art Association Inc reported income of $200k and spending of $29k, leaving 86% of income unspent that year. Across the 6 years on record, from December 2019 to March 2024, income grew from $82k to $200k (+144%), an average of +20% a year. The sharpest change came in the year to March 2023, when income rose by 211%. Over the whole period it spent 46% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Fort Myers Beach Art Association Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 57th percentile within FL. Charities of a similar size with the same main cause include Burbank International Film Festival ($200k), Indigenous Language Institute ($200k) and Performing Arts Medicine Association ($200k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 70% and program service revenue 4.5% of the total. At year end it held assets of $1.4m against liabilities of $377, net assets of $1.4m.