Arts & Design Society of Fort Walton Beach Inc

Analysis

Arts & Design Society of Fort Walton Beach Inc is a registered charity in United States, based in Ft Walton BCH, FL. It received its IRS tax-exemption ruling in July 1990, 36 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 November 2023, Arts & Design Society of Fort Walton Beach Inc reported income of $99k and spending of $87k, spending 87% of its income. Across the 2 years on record, from November 2022 to November 2023, income grew from $75k to $99k (+32%), an average of +32% a year. The sharpest change came in the year to November 2023, when income rose by 32%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Arts & Design Society of Fort Walton Beach Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 40th percentile within FL. Charities of a similar size with the same main cause include East Hamblen County Volunteer Fire Department ($99k), Mendham Township First Aid Squad Inc ($99k) and Liberty Instrumental Music Boosters Inc ($99k).

On its Form 990-EZ for the period ending November 2023, revenue came from contributions and grants 11% and program service revenue 69% of the total. At year end it held assets of $208k against liabilities of $0, net assets of $208k.