Charlotte County Art Guild Inc

Analysis

Charlotte County Art Guild Inc is a registered charity in United States, based in Punta Gorda, FL. It received its IRS tax-exemption ruling in November 1985, 41 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 May 2024, Charlotte County Art Guild Inc reported income of $694k and spending of $710k, spending 102% of its income. Across the 5 years on record, from May 2020 to May 2024, income grew from $629k to $694k (+10%), an average of +2.5% a year. The sharpest change came in the year to May 2022, when income rose by 72%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Charlotte County Art Guild Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 77th percentile within FL. Charities of a similar size with the same main cause include Citadelle Art Foundation ($694k), Saratoga Arts Inc ($694k) and Science Museum of Western Virginia ($694k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 22% and program service revenue 45% of the total. Other salaries and wages came to $279k. At year end it held assets of $747k against liabilities of $18k, net assets of $729k. It reported 11 employees.