Kennedy-Douglass Center for the Arts Volunteers Inc

Analysis

Kennedy-Douglass Center for the Arts Volunteers Inc is a registered charity in United States, based in Florence, AL. It received its IRS tax-exemption ruling in November 1987, 39 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 May 2024, Kennedy-Douglass Center for the Arts Volunteers Inc reported income of $153k and spending of $141k, spending 92% of its income. Across the 2 years on record, from May 2023 to May 2024, income grew from $108k to $153k (+42%), an average of +42% a year. The sharpest change came in the year to May 2024, when income rose by 42%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kennedy-Douglass Center for the Arts Volunteers Inc sits at the 47th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 48th percentile within AL. Charities of a similar size with the same main cause include Washburn High School Foundation ($153k), Signs of Sobriety Inc ($153k) and Friends of Sutters Fort Inc ($153k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 6.9% and program service revenue 53% of the total. At year end it held assets of $179k against liabilities of $0, net assets of $179k.