Melbourne Art Festival Inc

Analysis

Melbourne Art Festival Inc is a registered charity in United States, based in Melbourne, FL. It received its IRS tax-exemption ruling in May 1991, 35 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, Melbourne Art Festival Inc reported income of $146k and spending of $169k, spending 116% of what it took in. Across the 3 years on record, from September 2019 to September 2023, income fell from $193k to $146k (-25%), an average of -13% a year. Over the whole period it spent 111% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Melbourne Art Festival Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 50th percentile within FL. Charities of a similar size with the same main cause include Midwestern Braille Volunteers Inc ($146k), Ayala Choral Booster Inc ($146k) and The Jimmie Rodgers Foundation Inc ($146k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 26% and program service revenue 74% of the total. At year end it held assets of $44k against liabilities of $0, net assets of $44k.