Beaches Fine Arts Series Inc

Analysis

Beaches Fine Arts Series Inc is a registered charity in United States, based in Jax BCH, 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, Beaches Fine Arts Series Inc reported income of $399k and spending of $385k, spending 96% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $261k to $399k (+53%), an average of +11% a year. The sharpest change came in the year to September 2021, when income rose by 30%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Beaches Fine Arts Series Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 69th percentile within FL. Charities of a similar size with the same main cause include Imaginarium of South Texas ($399k), Friends of Mount Harmon Inc ($399k) and Tupper Arts ($399k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 85% of the total. Compensation of current officers, directors and key employees was $80k (21% of expenses). Other salaries and wages came to $82k. At year end it held assets of $372k against liabilities of $4,545, net assets of $367k. It reported 3 employees.