Cultural Arts Alliance of Walton County Inc

Analysis

Cultural Arts Alliance of Walton County Inc is a registered charity in United States, based in Santa Rsa BCH, FL. It received its IRS tax-exemption ruling in June 1993, 33 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2022, Cultural Arts Alliance of Walton County Inc reported income of $4.0m and spending of $3.2m, leaving 20% of income unspent that year. Across the 4 years on record, from August 2019 to August 2022, income grew from $2.4m to $4.0m (+69%), an average of +19% a year. The sharpest change came in the year to August 2022, when income rose by 230%. Over the whole period it spent 87% 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 Alliance of Walton County Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within FL. Charities of a similar size with the same main cause include Boston Philharmonic Orchestra Corporation ($4.0m), Kern Dance Alliance ($4.0m) and Applied Technology Council ($4.0m).

On its Form 990 for the period ending August 2022, revenue came from contributions and grants 32% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $98k (3.1% of expenses). Other salaries and wages came to $247k. At year end it held assets of $1.6m against liabilities of $318, net assets of $1.6m. It reported 5 employees.