Developing Artists Foundation Inc

Analysis

Developing Artists Foundation Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in October 2016, 10 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 June 2023, Developing Artists Foundation Inc reported income of $440k and spending of $227k, leaving 48% of income unspent that year. Across the 4 years on record, from June 2019 to June 2023, income grew from $418k to $440k (+5.1%), an average of +1.7% a year. The sharpest change came in the year to June 2021, when income rose by 27%. Over the whole period it spent 53% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Developing Artists Foundation Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 71st percentile within FL. Charities of a similar size with the same main cause include Antique Powerland Museum Association Inc ($440k), Music Therapy Services Inc ($440k) and Del Sole Foundation for the Artsand Humanities Inc ($440k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $3.6m against liabilities of $0, net assets of $3.6m.