Cultural Arts Coalition Inc

Analysis

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

In the financial year ending September 2023, Cultural Arts Coalition Inc reported income of $202k and spending of $187k, spending 93% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $150k to $202k (+35%), an average of +7.7% a year. The sharpest change came in the year to September 2021, when income rose by 35%. 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, Cultural Arts Coalition Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 58th percentile within FL. Charities of a similar size with the same main cause include Fred Oldfield Western Heritage and Art Center ($202k), Southwest Seminars ($202k) and Santa Cruz Art League Inc ($202k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 93% and program service revenue 6.8% of the total. Compensation of current officers, directors and key employees was $45k (24% of expenses). Other salaries and wages came to $76k. At year end it held assets of $87k against liabilities of $3,461, net assets of $84k. It reported 18 employees.