First City Arts Alliance Inc

Analysis

First City Arts Alliance Inc is a registered charity in United States, based in Pensacola, FL. It received its IRS tax-exemption ruling in March 1988, 38 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 December 2023, First City Arts Alliance Inc reported income of $854k and spending of $974k, spending 114% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $843k to $854k (+1.2%), an average of +0.2% a year. The sharpest change came in the year to December 2021, when income rose by 32%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, First City Arts Alliance Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within FL. Charities of a similar size with the same main cause include Dancefx ($853k), Old Town Playhouse Inc ($854k) and Kumano I Ke Ala O Makaweli ($853k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $80k (8.3% of expenses). Other salaries and wages came to $291k. At year end it held assets of $647k against liabilities of $219k, net assets of $428k. It reported 9 employees.