Cedar Key Arts Center Inc

Analysis

Cedar Key Arts Center Inc is a registered charity in United States, based in Cedar Key, FL. It received its IRS tax-exemption ruling in January 2023, 3 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 December 2023, Cedar Key Arts Center Inc reported income of $86k and spending of $86k, spending 101% of its income. Across the 6 years on record, from December 2016 to December 2023, income fell from $87k to $86k (-1.4%), an average of -0.3% a year. The sharpest change came in the year to December 2022, when income rose by 64%. Over the whole period it spent 137% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cedar Key Arts Center Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 36th percentile within FL. Charities of a similar size with the same main cause include MMC Dance Team Inc ($86k), Funding Team ($86k) and Teo Chew Association of Greater Washington Inc ($86k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 3.5% and program service revenue 75% of the total. At year end it held assets of $477k against liabilities of $214, net assets of $477k.