Images a Festival of the Arts Inc

Analysis

Images a Festival of the Arts Inc is a registered charity in United States, based in New Smyrna, FL. It received its IRS tax-exemption ruling in November 2011, 15 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 December 2023, Images a Festival of the Arts Inc reported income of $267k and spending of $267k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $262k to $267k (+2.1%), an average of +0.5% a year. The sharpest change came in the year to December 2022, when income rose by 124%. 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, Images a Festival of the Arts Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 63rd percentile within FL. Charities of a similar size with the same main cause include Wukchumni Tribe ($267k), Players Foundation for Theatre Education ($267k) and Virginia Quilt Museum Inc ($267k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 50% of the total. At year end it held assets of $154k against liabilities of $154k, net assets of $0.