Vero Beach Art Club Inc

Analysis

Vero Beach Art Club Inc is a registered charity in United States, based in Vero Beach, FL. It received its IRS tax-exemption ruling in June 2010, 16 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 June 2024, Vero Beach Art Club Inc reported income of $253k and spending of $259k, spending 102% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $463 to $253k (+54611%), an average of +253% a year. The sharpest change came in the year to June 2020, when income rose by 29181%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Vero Beach Art Club Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 62nd percentile within FL. Charities of a similar size with the same main cause include San Luis Obispo Master Chorale ($253k), Arena Theater Association ($253k) and Palestine Foundation Inc ($253k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 42% and program service revenue 21% of the total. Other salaries and wages came to $77k. At year end it held assets of $258k against liabilities of $1,797, net assets of $257k. It reported 3 employees.