Art League of Marco Island Inc

Analysis

Art League of Marco Island Inc is a registered charity in United States, based in Marco Island, FL. It received its IRS tax-exemption ruling in April 1970, 56 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 September 2023, Art League of Marco Island Inc reported income of $999k and spending of $1.1m, spending 105% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $696k to $999k (+43%), an average of +9.4% a year. The sharpest change came in the year to September 2022, when income rose by 35%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Art League of Marco Island Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 81st percentile within FL. Charities of a similar size with the same main cause include Move NYC Foundation Inc ($999k), Boy Scouts of America ($1000k) and Day-After-Day Inc ($999k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 40% and program service revenue 38% of the total. Other salaries and wages came to $359k. At year end it held assets of $2.2m against liabilities of $345k, net assets of $1.8m. It reported 6 employees.