Coconut Grove Arts & Historical

Analysis

Coconut Grove Arts & Historical is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in October 1991, 35 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 June 2023, Coconut Grove Arts & Historical reported income of $2.4m and spending of $2.3m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.6m to $2.4m (+47%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 846%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Coconut Grove Arts & Historical sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 89th percentile within FL. Charities of a similar size with the same main cause include Site Santa Fe ($2.4m), Salt Lick Incubator Incorporated ($2.4m) and Appalshop Inc ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.2% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $62k (2.7% of expenses). Other salaries and wages came to $25k. At year end it held assets of $1.3m against liabilities of $133k, net assets of $1.2m. It reported 3 employees.