Art League of Daytona Beach Inc

Analysis

Art League of Daytona Beach Inc is a registered charity in United States, based in Daytona Beach, FL. It received its IRS tax-exemption ruling in May 1962, 64 years ago. 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, Art League of Daytona Beach Inc reported income of $120k and spending of $115k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $87k to $120k (+39%), an average of +39% a year. The sharpest change came in the year to December 2023, when income rose by 39%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Art League of Daytona Beach Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 45th percentile within FL. Charities of a similar size with the same main cause include Morton County Historical Society Inc ($120k), Newfoundland Area Public Library ($120k) and PTA California Congress of Parents Teachers & Students Inc ($120k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 57% of the total. At year end it held assets of $399k against liabilities of $0, net assets of $399k.