Island Art Association

Analysis

Island Art Association is a registered charity in United States, based in Fern BCH, FL. It received its IRS tax-exemption ruling in July 1998, 28 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 November 2023, Island Art Association reported income of $276k and spending of $243k, spending 88% of its income. Across the 5 years on record, from November 2019 to November 2023, income grew from $252k to $276k (+9.6%), an average of +2.3% a year. The sharpest change came in the year to November 2021, when income rose by 62%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Island Art Association sits at the 58th percentile: it is larger than about 58% 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 Pope Touchdown Club Inc ($276k), National Association of Veterans Program Administrators ($276k) and Riley County Council on Aging Inc ($276k).

On its Form 990 for the period ending November 2023, revenue came from contributions and grants 9.7% and program service revenue 50% of the total. At year end it held assets of $763k against liabilities of $24k, net assets of $739k.