Key West Literary Seminar Inc

Analysis

Key West Literary Seminar Inc is a registered charity in United States, based in Key West, FL. It received its IRS tax-exemption ruling in September 1987, 39 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 March 2023, Key West Literary Seminar Inc reported income of $961k and spending of $1.2m, spending 126% of what it took in. Across the 4 years on record, from March 2020 to March 2023, income fell from $1.4m to $961k (-33%), an average of -13% a year. The sharpest change came in the year to March 2021, when income dropped by 53%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Key West Literary Seminar Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 81st percentile within FL. Charities of a similar size with the same main cause include Pueblo Rescue Mission ($961k), Wagner Free Institute of Science ($961k) and R J Hendley Christian Community School a Private School Inc ($961k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 65% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $102k (8.4% of expenses). Other salaries and wages came to $75k. At year end it held assets of $3.5m against liabilities of $1.2m, net assets of $2.3m. It reported 5 employees.