Islamorada Community Entertainment Inc

Analysis

Islamorada Community Entertainment Inc is a registered charity in United States, based in Tavernier, FL. It received its IRS tax-exemption ruling in June 2006, 20 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 September 2023, Islamorada Community Entertainment Inc reported income of $140k and spending of $109k, leaving 22% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income fell from $187k to $140k (-25%), an average of -7.1% a year. The sharpest change came in the year to September 2023, when income rose by 154%. 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, Islamorada Community Entertainment Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 49th percentile within FL. Charities of a similar size with the same main cause include Arts Illiana Inc ($140k), Southwest Center for Economic Integrity ($140k) and Swiss Heritage Society Inc ($140k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $39k. At year end it held assets of $72k against liabilities of $0, net assets of $72k.