Sebring Main Street Inc

Analysis

Sebring Main Street Inc is a registered charity in United States, based in Sebring, FL. It received its IRS tax-exemption ruling in April 1987, 39 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Sebring Main Street Inc reported income of $158k and spending of $153k, spending 97% of its income. Across the 4 years on record, from August 2020 to August 2023, income grew from $120k to $158k (+31%), an average of +9.4% a year. The sharpest change came in the year to August 2022, when income rose by 44%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Sebring Main Street Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 52nd percentile within FL. Charities of a similar size with the same main cause include Sciart Exchange ($157k), Lewistown Art Center ($158k) and White Box Ltd ($157k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 17% and program service revenue 58% of the total. Other salaries and wages came to $80k. At year end it held assets of $695k against liabilities of $1,311, net assets of $693k. It reported 8 employees.