First Coast Cultural Center Inc

Analysis

First Coast Cultural Center Inc is a registered charity in United States, based in Ponte Vedra, FL. It received its IRS tax-exemption ruling in July 1995, 31 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 December 2023, First Coast Cultural Center Inc reported income of $1.1m and spending of $970k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $695k to $1.1m (+62%), an average of +13% a year. The sharpest change came in the year to December 2023, when income rose by 138%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, First Coast Cultural Center Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 83rd percentile within FL. Charities of a similar size with the same main cause include Urbanart Commission ($1.1m), Northwest Florida Ballet Inc ($1.1m) and Music From Bear Valley ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $297k (31% of expenses). It paid $23k in professional fundraising fees. At year end it held assets of $2.6m against liabilities of $1.2m, net assets of $1.3m. It reported 5 employees.