Gainesville Fine Arts Association Inc

Analysis

Gainesville Fine Arts Association Inc is a registered charity in United States, based in Gainesville, FL. It received its IRS tax-exemption ruling in August 1980, 46 years ago. 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 December 2023, Gainesville Fine Arts Association Inc reported income of $181k and spending of $199k, spending 110% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $203k to $181k (-11%), an average of -11% a year. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gainesville Fine Arts Association Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 55th percentile within FL. Charities of a similar size with the same main cause include Called to Care ($181k), Sacred Heart John Chebul Memorial Center Association Incorporated ($181k) and Tiffany Club New England ($181k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $61k (31% of expenses). Other salaries and wages came to $21k. At year end it held assets of $180k against liabilities of $1,241, net assets of $179k. It reported 2 employees.