Gulf Beach Art Center Inc

Analysis

Gulf Beach Art Center Inc is a registered charity in United States, based in Indian RK BCH, FL. It received its IRS tax-exemption ruling in February 1983, 43 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 September 2023, Gulf Beach Art Center Inc reported income of $287k and spending of $261k, spending 91% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $233k to $287k (+23%), an average of +5.4% a year. The sharpest change came in the year to September 2020, when income rose by 78%. Over the whole period it spent 70% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Gulf Beach Art Center Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 64th percentile within FL. Charities of a similar size with the same main cause include Missoula Writing Collaborative ($287k), Childrens Museum of Northern Colorado ($287k) and William Baker Choral Foundation ($287k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 2.0% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $64k (24% of expenses). At year end it held assets of $622k against liabilities of $0, net assets of $622k. It reported 2 employees.