Frances Furlong Trust & Creative Art Center Distribution Endow

Analysis

Frances Furlong Trust & Creative Art Center Distribution Endow is a registered charity in United States, based in St Petersburg, FL. It received its IRS tax-exemption ruling in September 2020, 6 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Frances Furlong Trust & Creative Art Center Distribution Endow reported income of $58k and spending of $64k, spending 111% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $51k to $58k (+13%), an average of +4.1% a year. The sharpest change came in the year to December 2021, when income rose by 96%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Frances Furlong Trust & Creative Art Center Distribution Endow sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 26th percentile within FL. Charities of a similar size with the same main cause include Vista Larga Foundation Corp ($58k), Bridgewire ($58k) and Sedona Art Museum Inc ($58k).

Compensation of current officers, directors and key employees was $10k (16% of expenses). At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.