Mount Dora Center for the Arts Inc

Analysis

Mount Dora Center for the Arts Inc is a registered charity in United States, based in Mount Dora, FL. It received its IRS tax-exemption ruling in April 1986, 40 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 2023, Mount Dora Center for the Arts Inc reported income of $548k and spending of $469k, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $432k to $548k (+27%), an average of +6.2% a year. The sharpest change came in the year to June 2022, when income rose by 345%. Over the whole period it spent 59% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Mount Dora Center for the Arts 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 72nd percentile, and in the 74th percentile within FL. Charities of a similar size with the same main cause include Island Star Performances Inc ($548k), Orleans County Historical Society Inc ($549k) and Rutherford B & Lucy Webb Hayes Foundation ($548k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 41% and program service revenue 52% of the total. Other salaries and wages came to $103k. At year end it held assets of $2.5m against liabilities of $833k, net assets of $1.7m. It reported 3 employees.