Friends of the Bandshell Inc

Analysis

Friends of the Bandshell Inc is a registered charity in United States, based in Daytona Beach, FL. It received its IRS tax-exemption ruling in March 1997, 29 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 October 2023, Friends of the Bandshell Inc reported income of $302k and spending of $274k, spending 91% of its income. Across the 5 years on record, from October 2019 to October 2023, income grew from $276k to $302k (+9.5%), an average of +2.3% a year. The sharpest change came in the year to October 2021, when income rose by 92%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of the Bandshell Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 65th percentile within FL. Charities of a similar size with the same main cause include Th@562 Network Inc ($302k), Second Street Gallery Inc ($302k) and Kenkeleba House Inc ($302k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 18% and program service revenue 82% of the total. At year end it held assets of $30k against liabilities of $0, net assets of $30k.