Spruce Creek Musical Performing Arts Association Inc

Analysis

Spruce Creek Musical Performing Arts Association Inc is a registered charity in United States, based in Port Orange, FL. It received its IRS tax-exemption ruling in December 1976, 50 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 May 2023, Spruce Creek Musical Performing Arts Association Inc reported income of $125k and spending of $134k, spending 107% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income grew from $94k to $125k (+33%), an average of +7.4% a year. The sharpest change came in the year to May 2022, when income rose by 98%. Over the whole period it spent 118% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Spruce Creek Musical Performing Arts Association Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 46th percentile within FL. Charities of a similar size with the same main cause include Innovative Concepts ($125k), Arts Council of Henderson County Inc ($125k) and Big Brothers and Sisters of Spokane County Endowment Fund ($125k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 1.7% and program service revenue 54% of the total. At year end it held assets of $160k against liabilities of $86k, net assets of $74k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.