Artists Workshop of New Smyrna Beach Inc

Analysis

Artists Workshop of New Smyrna Beach Inc is a registered charity in United States, based in New Smyrna, FL. It received its IRS tax-exemption ruling in March 1979, 47 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, Artists Workshop of New Smyrna Beach Inc reported income of $117k and spending of $125k, spending 107% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $84k to $117k (+40%), an average of +40% a year. The sharpest change came in the year to December 2023, when income rose by 40%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Artists Workshop of New Smyrna Beach Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 45th percentile within FL. Charities of a similar size with the same main cause include Michigan State Numismatic Society M S N S ($117k), Suzuki Music School Inc ($117k) and St James Community Theater ($117k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 27% of the total. At year end it held assets of $51k against liabilities of $2,448, net assets of $48k.