Cultural Council of Indian River County Inc

Analysis

Cultural Council of Indian River County Inc is a registered charity in United States, based in Vero Beach, FL. It received its IRS tax-exemption ruling in February 1996, 30 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 September 2023, Cultural Council of Indian River County Inc reported income of $449k and spending of $294k, leaving 35% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $256k to $449k (+76%), an average of +15% a year. The sharpest change came in the year to September 2022, when income rose by 118%. Over the whole period it spent 83% 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 Council of Indian River County 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 Hola Carolina ($449k), Cosmos Club Historic Preservation Foundation ($449k) and Friends of Olympia Station Inc ($449k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 93% and program service revenue 7.2% of the total. Other salaries and wages came to $30k. At year end it held assets of $380k against liabilities of $144k, net assets of $236k. It reported 3 employees.